PHOTO
DUBAI, Oct 20 (Reuters) - Saudi Arabia's Kingdom Holding
4280.SE
, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 38.3 percent fall in third-quarter net profit on Thursday.
* Net profit of 179.88 million riyals ($48.0 million) in the three months ending Sept. 30, versus 291.55 million riyals a year earlier, according to a bourse filing.
* Company blamed drop in hotel revenue and dividend income, as well as rise in depreciation and finance charges.
* Expected to record 150 million riyals less revenue from its share-swap deal with AccorHotels
ACCP.PA
in its third-quarter earnings due to FX fluctuations caused by Brexit, Kingdom said on July 12.
* Sold the Four Seasons Toronto for C$225 million, the company said on October 2.
($1 = 3.7505 riyals)
(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
* Net profit of 179.88 million riyals ($48.0 million) in the three months ending Sept. 30, versus 291.55 million riyals a year earlier, according to a bourse filing.
* Company blamed drop in hotel revenue and dividend income, as well as rise in depreciation and finance charges.
* Expected to record 150 million riyals less revenue from its share-swap deal with AccorHotels
* Sold the Four Seasons Toronto for C$225 million, the company said on October 2.
($1 = 3.7505 riyals)
(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
