According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits for the first quarter of the next year amounted to 34.68 million riyals, compared to profits of 33.83 million riyals for the same period in the year 2018.
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is due to the increase in sales of all departments in the exhibitions and electronic commerce sales of the company in addition to the increase in revenues from extra services and consumer financing services This had the effect on the increase in gross profit 17.4% over the same quarter of the previous year.
The company explained that it recorded non-recurring profits during the first quarter of the previous year in the amount of 3.4 million riyals as a result of the initiative of the Ministry of Human Development and Social Development to recover the amounts of the combined bill. p>
The companies achieved revenues of 1.232 billion riyals in the first quarter of this year, compared to 1.058 billion riyals for the same period in 2018, an increase of 16.5%.
