Al Hammadi Company for Development and Investment posted on Monday SAR 33.74 million net profit for Q4 2014, growing 1.35% year-on-year from SAR 33.29 million and 32.73% quarter-on-quarter from SAR 25.42 million.
The full-year profit netted SAR 128.98 million, compared with SAR 111.5 million in 2013, a rise of 15.68%.
The company ascribed the profit rise to revenue growth on increased number of reviewers and operational efficiencies.
The market regulator announced suspending Al Hammadi from trading on Jan. 19, 2015. The stock will resume trading as of Tuesday, Jan. 20.
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