The profits of Zahrat Al-Waha Trading Company increased by 145.8%, after zakat and tax, to 16.28 million riyals in the second quarter of 2021, compared to about 6.62 million riyals in the same quarter of 2020.
According to Arabiya Net, the net profit of the Oasis fell on a quarterly basis by 19.9% in the second quarter of this year, compared to profits of about 20.32 million riyals in the first quarter of 2020. .
Zahra Al-Waha Trading said, in a statement on Saudi Arabia's Tadawul, today, Tuesday, that the increase in its profits in the second quarter of this year, on an annual basis, is due to the increase in sales. The decrease in the cost of goods sold, decrease in selling and distribution expenses, decrease in general and administrative expenses, and financing costs, in addition to an increase in other revenues, and an increase in the profits of investments at fair value from the investment portfolio.
The company's net profit rose in the first half of this year by 87.38% to reach 36.6 million riyals, compared to a profit of about 19.53 million riyals in the same period last year. .
