Al-Khodari generates SAR 15.48 mln profit from auctioned equipment

31/05/2015 Argaam

Abdullah Al-Khodari Sons Co. said in a statement to Tadawul on Sunday that it has generated SAR 15.48 million in profit from selling some of its equipment on May 20-28.

 

During its annual plant and machinery auction, the company sold equipment at a gross value of SAR 28.86 million.

 

Al-Khodari added that financial impact of the sale will be reflected in second quarter results.

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