The basic chemical industries company financial statements showed that the company’s profits during the first quarter of this year increased by 50.3% on an annual basis.
According to the results of the company for the Saudi market (Tadawul) today, Monday, the profits for the period amounted to 15.07 million riyals, compared to the profits of the first quarter of last year of 10.03 million riyals. p>
The company said in the statement that the increase in profits during the comparison periods is due to increased sales and lower general and administrative expenses.
The company achieved sales of 140.96 million riyals in the first quarter of this year, compared to 130.98 million riyals for the same period in 2019, an increase of 7.6%.
