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Jan 18 2012

* 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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