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Saudi eXtra reports 7.5% gain in Q3 net profit  Join our daily free Newsletter

MENAFN - 11/10/2012

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(MENAFN) Saudi United Electronics Company's (eXtra) chairman, Abdullah Abdulatif Al-Fozan, stated that the firm's third-quarter net profit rose 7.5 percent to USD7.57 million, from USD7.03 million in last year's same period, reported Arab News.

The consumer electronics and home appliance retailer's sales in the quarter jumped 14.5 percent to USD186.37 million, compared with last year's USD162.64 million.

In the January-September period, net profit grew 10.6 percent, reaching USD26.79 million, up from USD24.23 million, whereas total sales in the nine-month period grew 18 percent to USD546 million, compared with USD463 million.

It is worth noting that eXtra has expanded its presence in Saudi to 20 cities, with 5 new cities having stores within.

 






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