The profits of the Saudi Research and Media Group increased by 79% to 134.6 million riyals in the second quarter of 2021, compared to 75.3 million riyals recorded in the same period last year.
According to Arabiya Net, its profits increased by 61.5% in the first half of the year to 226 million riyals from 140 million riyals recorded in the first half of 2020.
The company attributed the reason for the increase in net profits for the current quarter compared to the same quarter of the previous year, mainly to the increase in gross profit as a result of an increase in revenues by 26.3%, noting that direct costs For the current quarter, it increased compared to the same quarter of the previous year, mainly as a result of operating costs of some projects in line with the announced strategy, according to what was stated in the company’s announcement today, Monday, on the Saudi market’s website, Tadawul.
