According to the results of the company for the Saudi market (Tadawul) today, Thursday, the profits for the period reached 64.7 million riyals, compared to profits of 79.9 million riyals for the first quarter of 2019. p>
The company said that the decrease in profits during the comparison periods is due to a decrease in revenue of 6.8% as a result of the decrease in sales of the printing and publishing sectors and some other sectors, bearing in mind that the direct costs for the current quarter It increased compared to the same quarter of the previous year, mainly as a result of the costs of operating some projects.
The operating profit for the current quarter decreased compared to the same quarter of the previous year as a result of the decrease in the gross profit, and in return, the selling and marketing expenses, administrative and general expenses were rationalized.
