Revenues of the Saudi Listed energy and utility firms grew by 15.4 percent to SR40.3 billion in 2014 compared to SR34.9 billion in 2013, according to a financial report. Similarly, net profits of the Listed energy firms rose by 19.3 percent to SR3.76 billion compared to SR3.15 billion in 2013, Al-Hayat daily said in a report. The energy and utility sector is composed of two companies: The Saudi Electricity Company (SEC) and National Gas and Industrialization Company (GASCO).
03-29-2015, 05:12 PM
Listed energy, utility firms’ revenues up 15% to SR40bn
Revenues of the Saudi Listed energy and utility firms grew by 15.4 percent to SR40.3 billion in 2014 compared to SR34.9 billion in 2013, according to a financial report. Similarly, net profits of the Listed energy firms rose by 19.3 percent to SR3.76 billion compared to SR3.15 billion in 2013, Al-Hayat daily said in a report. The energy and utility sector is composed of two companies: The Saudi Electricity Company (SEC) and National Gas and Industrialization Company (GASCO).
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