Red Sea Housing Company Announces First Quarter Results for the Period Ending March 31, 2007.(Financial report)

Middle East | April 22, 2007 | Copyright

Dr. Majid Al Kassabi, Chairman of Red Sea Housing Services, is pleased to announce the Results of operation for the March 2007 quarter.

Red Sea Housing Company achieved revenues for the quarter ended March 31, 2007 of 145.8 million Saudi riyals compared with 118.3 million Saudi riyals for the three-month period ended March 31, 2006 for an increase of 23.3%. The Operating profit for the three-months ended March 31, 2007 was 48.0 million Saudi riyals compared with 32.8 million Saudi riyals in the three-months ended March 31, 2006 for an increase of 46.4%. The company ...

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