13 Hrs
Source:
الاقتصادية
Source: الاقتصادية
13 Hrsالاقتصادية
Source: الاقتصادية
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Jabal Omar Company swung to a net loss of SAR 261.6 million in the third quarter ended September, compared with a profit of SAR 197.9 million a year earlier, despite a 14.2% increase in revenue. The company attributed the shift mainly to the absence of an exceptional SAR 510 million gain from a land sale in the year-earlier period, a roughly SAR 27 million rise in financing expenses, and SAR 21 million in fair-value losses on financial instruments. The impact was partly offset by a roughly SAR 107 million decline in impairment provisions, improved performance at its hotels and shopping centers, and the opening of the Rotana hotel.
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