According to the results of the company for the Saudi market, today, Wednesday, profits for the period amounted to 10.1 million riyals, compared to profits of 7.7 million riyals for the first quarter of 2018.
Al-Wires said that the increase in profit for the period is due to increased sales as a result of improved demand for products in addition to lower general and administrative expenses.
The company's sales volume in the first quarter of this year amounted to 192.8 million riyals, compared to 145 million riyals in the same quarter last year, an increase of 33%.
>
To more:
Seiko signs a contract with Al Rajhi Bank
