National gypsum turns to profitability in the first quarter

The National Gypsum Company (GESCO) turned to profitability during the first quarter of 2020, to achieve profits amounting to 17.71 million riyals, compared to losses of 3.51 million riyals during the same period From last year.

According to Arabia Net, the company attributed this to an increase in net sales by 210.98%, an increase in sales, and a decrease in administrative and marketing expenses by 7.01%.

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National gypsum turns to profitability in the first quarter

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