RIYADH: Arabian Centres Co. announced a higher second-quarter profit of SR128 million ($34 million), despite incurring an impairment loss on investment properties following the partial fire at Mall of Dhahran.
The impairment loss on investment properties reached SR25 million, the company which trades in the name of Almarkez said in a bourse filing.
The Saudi retail operator revenue grew by 10.2 percent year-over-year to book SR563 million, primarily due to an increase in net rental earnings.
