According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits for the period amounted to 147.6 million riyals, compared to profits of 132.4 million riyals for the first quarter of 2019. 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 sales, in spite of the increase in general and administrative expenses, the high selling and distribution expenses and the low share of the company in Net results of associated companies and the increase in Zakat provision.
The company's sales in the first quarter of this year amounted to 450.4 million riyals, compared to 390.4 million riyals for the same period last year, an increase of 15.4%.
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