According to the results of the company for the Saudi market (Tadawul) today, the profits for the period amounted to 6.62 million riyals, compared to profits worth 10.14 million riyals for the same period last year. p>
The company said that the decrease in profits during the comparison periods is due to the decrease in sales due to the decrease in the price of the raw material that represents the basic element in the value of sales.
The average price of raw material decreased during the second quarter of 2020 compared to the average price during the corresponding quarter of the previous year; Due to the decrease in oil prices as a result of the pandemic of the emerging Corona virus (Covid 19).
The company achieved profits of 19.53 million riyals for the first half of this year, compared to profits of 19.27 million riyals for the same period in 2019, an increase of 1.4%.
(Fun Knowledge of Knowledge)
