DUBAI, Aug 14 (Reuters) – Saudi Tadawul Group (1111.SE), the bourse’s owner and operator, on Sunday reported an almost 24% decline in second-quarter profit as expenses, including salaries, rose.
Net profit in the quarter ended June 30 fell to 137.7 million riyals ($36.68 million) from a 181.1 million riyals in the year-earlier period.
The group said operating expenditures increased 16.6% year on year to 160.6 million riyals in the quarter mainly because of an increase in salaries and related benefits.
($1 = 3.7540 riyals)
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Reporting by Hadeel Al Sayegh; Editing by Kirsten Donovan
Our Standards: The Thomson Reuters Trust Principles.
source: reuters.com