The profits of the Saudi Automotive and Equipment Services Company (SASCO) decreased by 8.6% to reach 8.12 million riyals in the first quarter of 2020, compared to 8.88 million riyals during the same period. From 2019.


According to ArabiaNet, the company attributed the decrease in net profit during the current quarter compared to the same quarter of the previous year to the inclusion of the corresponding quarter of the previous year on other revenues represented in the compensation obtained by the company for the case of Hafar Al-Batin, in addition to the increase in financing costs and general and administrative expenses And lower investment income.


She added that the decline in profits comes despite the increase in sales by 14.30% (which had the effect of increasing the overall profit and net profit from the main operations).