Wednesday, August 26, 2009

Kingdom Hotel Investments H1 profit falls 61%

Kingdom Hotel Investments said first half net profit fell 61 percent, due to weaker results at Four Seasons in Paris and Cairo, as well as lower real estate sales and an impairment charge.Controlled by Saudi billionaire Prince Alwaleed bin Talal, the company also said revenues fell by almost 11 percent, to $103.3m.

Read more:
http://www.arabianbusiness.com/565946-kingdom-hotel-investments-h1-profit-falls-61

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