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Saudi Al Othaim posts 12% profit rise in 2014

Saudi Al Othaim posts 12% profit rise in 2014
A.OTHAIM MARKET
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Saudi Arabia’s Abdullah Al Othaim Markets Co. posted SAR 74.23 million net profit for the fourth quarter of 2014, with 6% increase year-over-year from SAR 74.23 million and 75.53% quarter-on-quarter from SAR 42.29 million.

FY14 net profit rose 11.57% to SAR 214.78 million, from SAR 192.51 million a year earlier.

The company cited sales growth and higher operating revenues.