The financial statements of United Electronics Company (eXtra) showed that the first quarter profit of this year increased by 56.8% on an annual basis.

According to the results of the company for the Saudi market today, Monday, the profit for the period amounted to 33.83 million riyals, compared to 21.57 million riyals for the first quarter of 2018.

The company said that the increase in profit for the period is due to increased sales compared to the same quarter of the previous year, which led to the growth of the overall profit in addition to increasing the profit margin on some products and services .

The company achieved sales of 1.06 billion riyals in the first quarter of 2019, compared to 864.61 million riyals of sales for the same period last year, an increase of 22.6%.

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