Jul 20 2011 |
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Saudi Emaar Econ City Swings To 2Q Net Profit Of SAR87.6M Vs Yr Ago
Wednesday, Jul 20, 2011
(This item was originally published Tuesday.)
DUBAI (Zawya Dow Jones)--Saudi Arabia's Emaar Economic City (4220.SA) said Tuesday a land sale helped it record a net profit of 87.6 million Saudi riyals ($23.4 million) in the second quarter after sustaining a loss of SAR128.4 million in the same period last year.
The development company, in a statement posted on the website of the Saudi bourse, said its earnings per share for the first half of the year were SAR0.08, compared with a loss of SAR0.021 for the first half of 2010.
Copyright (c) 2011 Dow Jones & Co.
20-07-11 0356GMT
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