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Saudi retailer Alhokair swings into profit after pandemic losses

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Mon, 2022-02-07 20:13

RIYADH: Leading franchise retailer Fawaz Abdulaziz Alhokair Co. reported a net profit of SR82.7 million ($22 million) during the nine months period ending Dec. 31, as COVID-19 restrictions eased.

The Saudi-based retailer managed to erase losses of SR762 million incurred during the same period a year earlier, according to a filing by the Saudi Stock Exchange.

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