The financial statements of Al-Jouf Agricultural Company showed a slight increase in the company's profits by 0.23% during the first quarter of this year on an annual basis.
According to the results of the company for the Saudi market (Tadawul) yesterday, the profits of the period amounted to 6.545 million riyals, compared to profits of 6.530 million riyals for the first quarter of 2019.
The company said in the statement that the improvement in net profit during the comparative periods is due to the improvement in the profit margin, which had a positive effect by increasing the overall profit by 19.80%.
despite the decrease in sales by 7.08% at a value of 3.52 million riyals, in addition to recording a decrease in the value of fruit trees amounting to 3.23 million riyals.
The company achieved revenues of 46.125 million riyals in the first quarter of this year, compared to revenue of 49.641 million riyals for the same period in 2019, a decrease of 7.1%. < / p>
