Jan 18 2012 |
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* Saudi Electricity Co 4Q Net Loss Widens To SAR514M
Wednesday, Jan 18, 2012
(MORE TO FOLLOW) Dow Jones Newswires
18-01-12 0657GMT
* Saudi Electricity 4Q Net Loss At SAR514M Vs SAR324M Yr Ago
Wednesday, Jan 18, 2012
(MORE TO FOLLOW) Dow Jones Newswires
18-01-12 0657GMT
* Saudi Electricity FY 2011 Net Pft At SAR2.22B Vs SAR2.28B Yr Ago
Wednesday, Jan 18, 2012
(MORE TO FOLLOW) Dow Jones Newswires
18-01-12 0658GMT
Saudi Electricity Co 4Q Net Loss Widens To SAR514M
Wednesday, Jan 18, 2012
DUBAI (Zawya Dow Jones)--Saudi Electricity Co. (5110.SA), or SEC , the largest-listed utility in the Gulf, said Wednesday its fourth-quarter net loss widened year on year to 514 million Saudi riyals ($140 million), missing most analyst expectations.
Kuwait-based Global Investment House analysts had seen SEC reporting a SAR155.3 million net loss for the period.
SEC , in a statement posted on the Riyadh-bourse website, said full-year 2011 net profit declined 2.5% to SAR2.22 billion, while earnings per share for the period fell to SAR0.53 from SAR0.55 in 2010.
SEC shares closed 0.7% down at SDAR13.55 Tuesday.
-By Dubai Bureau, Dow Jones Newswires; +9714 446-1686; djnews.dubai@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
18-01-12 0717GMT
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