According to the company’s results for the Saudi market (Tadawul) today, last year’s profits reached 451.4 million riyals, compared to 400.5 million riyals in 2018 profits.
The company attributed the profit growth to higher sales, in spite of the high administrative and general expenses, the high selling and distribution expenses, the increase in financing expenses, the company's share in the net results of associate companies, and the decrease Other income.
The company's sales last year reached 1441.6 million riyals, compared to 1119.6 million riyals in 2018, an increase of 28.8%.
