According to the company’s results for the Saudi market (Tadawul) today, last year’s profits reached 181 million riyals, compared to 2018’s profits of 70 million riyals.
The company said in a statement to the stock exchange that the increase in profits during the comparison years is due to the increase in sales revenue due to the increase in sales quantities and the improvement in selling prices, and the increase in investment income. p>
The company also reported that the Zakat provision decreased during the comparison years, and the credit loss provision was refunded, and the exclusion losses of property, plant and equipment decreased, all of which contributed to the growth of annual profits. Last year.
