Fawaz Alhokair net profits fall 14.2pc

21/01/2016 16:07 AST

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Company reported a 14.2 per cent fall in third-quarter net profit on Thursday.

The company made a net profit of SR91.2 million ($24.3 million) in the three months to December 31, down from SR106.2 million in the year-earlier period, according to a bourse filing. Alhokair's financial year starts on April 1.

Analysts at NCB Capital and Aljazira Capital expected the company to make a quarterly profit of SR130 million and 124.3 million respectively.

Alhokair, which owns franchise rights for brands including Mango, Zara and Banana Republic in the Middle East, said its quarterly profit fall was due to a drop in profits from international operations because of a fall in the euro impacting profits in Spain and currency devaluations in Kazakhstan and Azerbaijan hurting business in those countries.

It also cited a seasonal impact from the fact the same quarter last year included sales from part of the Haj religious season.


Reuters

News

Hokair announces a new Murabah Agreement with Alrajhi Bank

23/08/2017

In an effort of rebalancing its debt exposure especially the Short Term portion, Fawaz Abdulaziz Al Hokair & Co. signed a new Murabaha Agreement with Alrajhi Bank under the following terms:

Tadawul

Fawaz Alhokair launches first Lefties store at Nakheel Mall

17/04/2017

ALHOKAIR Fashion Retail launched the first Lefties flagship store, the famous accessible price international fashion brand, in KSA at Nakheel Mall Riyadh. This exhibition is the first Lefties store i

Saudi Gazette

Al Hokair to develop mega Saudi airport district

21/09/2016

Fawaz Abdulaziz Al Hokair Company, a leading Saudi-based group with a focus on retail and real estate business sectors, has won a major contract to develop a commercial and entertainment district adj

Trade Arabia

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

HOKAIR Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
JARIR 177.89 7.16 (4.19%)
SACO 126.15 -1.66 (-1.30%)
EXTRA 68.81 0.02 (0.02%)
SASCO 17.67 -0.02 (-0.12%)
SHAKER 10.89 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap