Saudi retailer Alhokair Q4 net profit climbs 40 pct

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Fawaz Abdulaziz Alhokair Co , the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, reported on Monday a 40 percent year-on-year leap in net profit for its fourth quarter ended March 31. Profit climbed to 190.8 million riyals ($50.9 million) in the quarter, missing the average forecast of three analysts polled by Reuters of 230 million riyals.

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