Saudi Tadawul profit down 35% as trading values slide and costs rise

April 16, 2023 05:08 PM AEST | By Reuters
Follow us on Google News:

DUBAI, April 16 (Reuters) - Stock exchange owner and operator Saudi Tadawul Group on Sunday reported a 35% decline in first-quarter profit after trading values halved and costs rose.

Net profit in the three months to March 31 fell to 90.8 million Saudi riyals ($24.2 million) from 140.6 million riyals a year earlier, the region's largest bourse said in a stock market filing. (Reporting by Hadeel Al Sayegh Editing by David Goodman)


Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK