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Saudi's Jabal Omar posts USD184m profit
(MENAFN) Jabal Omar Development, the largest real estate group in KSA has recorded a quarterly net profit of USD184mn, up from a loss of USD33.8mn in 2015.
Accordingly, the developer gained SR9.49mn in the previous quarter with an increase of profit by 7182 percent.
In addition, the total operating profit amid the period reached SR721.65mn, against a loss of SR94.87mn for the same quarter of 2015.
Recently, net profit amounted to SR581.06mn, compared to SR91.92mn for the same period of 2015.
Accordingly, the developer gained SR9.49mn in the previous quarter with an increase of profit by 7182 percent.
In addition, the total operating profit amid the period reached SR721.65mn, against a loss of SR94.87mn for the same quarter of 2015.
Recently, net profit amounted to SR581.06mn, compared to SR91.92mn for the same period of 2015.
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