Al-Khodari makes SAR 13 mln profit from equipment auction

04/03/2018 Argaam

 

Abdullah A. M. Al-Khodari Sons Company (Al-Khodari) reported a gross profit of is SAR 12.82 million from the auction of its surplus equipment, held from Feb. 27 to March 1.

 

The gross sales value of the equipment amounted to SAR 20.58 million, the company said in a statement to Tadawul.

 

Financial impact of the auction will reflect on Q1 2018 results.

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