Riyadh-Mubasher: Saudi Arabia’s Abdullah Al Othaim Markets reported net earnings of SAR 89.23 million for the fourth quarter ended 31 December 2015, a rise of 20% over SAR 74.23 million in the same period a year ago.
Net income for the 12-month period also grew 7.5% year-on-year from SAR 214.7 million to SAR 230.8 million.
The company ascribed the profit growth to high sales from outstanding and new branches, as well as increase in lease revenues and investment gains.
