Red Sea Housing Services reported earnings results for the year ended December 2013. For the year, the company's net profit rose to SAR 152.8 million from SAR 120.6 million a year ago, an increase of 26.7% on the year. The earnings per share stood at SAR 3.82, up from SAR 3.02.

The company registered an operating profit of SAR 166.6 million, an increase from SAR 134.7 million a year ago.