According to the results of the company for the Saudi market (Tadawul) yesterday, Tuesday, the profits for the period amounted to 33.17 million riyals, compared to the profits for the corresponding period of 2019 of 29.99 million riyals. p>
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is due to the increase in net income for the current quarter of 195 million riyals, or 9%, over the same period in 2019. < / p>
The company also attributed the improved profits to the decrease in provisions for expected credit losses, while the net profit percentage during the current quarter was 17%.
