The Saudi Company for Saku has achieved 33.36% growth, net profit to 15.63 million riyals in the first quarter of 2021, compared to SR 11.72 million during the same period last year.
According to Arab Net, despite revenue declined by 6% to 336.39 million riyals, compared to SR 358.04 million during the corresponding period.
The reason for the rise in net profit is due to the same quarter compared to the same quarter of the previous year to the relative improvement in the margin of profit and decrease in sales and marketing expenses and an increase in other revenues and decrease in financial expenditures.
