Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- ADX names Mena start-up Thndr as remote retail trading member
- Mered expands UAE operations with new Abu Dhabi office
- Bahrain All Share Index closes lower, Islamic Index closes higher
- Burjeel reports 129% increase in Q2 net profit, revenue grows 18.7%
- Saudi Maaden H1 profit up 73% on higher sales; revenue hits $4.8bn
- IQ reports QR2bn net profit in H1, approves 26% interim dividend
- 65% Omanis in private sector earn less than RO600
- Local banks record higher credit issuance in June; reflects positive outlook on Qatar economy
- S&P Affirms China's Sovereign Credit Rating at A+ with Stable Outlook
- Saudi stock market may open to global investors, regulator says
20/01/2016 07:42 AST
Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari and Sons on Tuesday said it had swung to a fourth-quarter net loss as margins and revenue fell and financial charges increased.
The company made a loss of SR1.04 million ($277,333) in the three months to December 31, the company said in a statement to Riyadh's bourse. This compared to a profit of SR45.6 million in the year-earlier period.
The firm's quarterly revenue dropped 14.2 per cent, while its gross margins fell largely because of higher energy prices being factored into its construction costs after government reforms announced at the end of last year.
Khodari's financial charges increased by 36 per cent.
The company, like many construction-related firms, has been pressured by a sector slowdown caused by cutbacks in state spending due to lower oil prices - Khodari also reported a loss for the third quarter of 2015.
New contract awards in the fourth quarter stood at SR11.9 million, down from SR1.48 billion in the corresponding quarter of 2014.
Trade Arabia
23/11/2016
Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday that projects worth SR362.2 million ($97 million) had been delayed due to factors ranging from clients' fundi
Arab News
27/07/2016
Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday it swung to a net loss in the second quarter as earnings were pressured once again by a slowdown in the Kingd
Arab News
04/01/2016
Saudi Arabia's Abdullah Abdul Mohsin Al-Khodari and Sons on Sunday forecast changes to the kingdom's electricity and energy prices would raise its costs by SR44.3 million ($11.81 million) between 20
Saudi Gazette
| Ticker | Price | Volume |
|---|
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia