10 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
10 Hrsالاقتصادية
Source: الاقتصادية
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Knowledge Economic City’s net profit surged 253% in the third quarter to 99.7 million riyals, compared with 28.2 million riyals in the same period last year, while revenue rose 98.8% to 245.1 million riyals. The company attributed the growth to higher revenue from residential projects, proceeds of 169.6 million riyals from the sale of a plot of land in July, a contribution from a newly opened hotel, and improved profit margins. In the first nine months, the company recorded a net profit of 71.3 million riyals, compared with a loss of 26.7 million riyals a year earlier.
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