Al Hassan Ghazi Ibrahim Shaker Company achieved a 48% increase in net profits for the first quarter of 2022 to reach 14.4 million riyals, compared to 9.7 million riyals in the first quarter of 2021.
According to Arabiya Net, the company explained in a statement that the reason for the increase in profits is due to an 11% increase in revenues, and an increase in gross profit by 34.7% on the basis of the first quarter period in In 2022, it reached 77.6 million riyals from 57.6 million riyals in the previous year, mainly due to an increase in revenues.
The company also attributed the reason for the increase in profits during the first quarter of 2022 compared to the previous quarter to an increase in revenues by 29.1%, and an increase in gross profit by 31%.< /p>
