Saudi Thoub Al-Aseel Company achieved an increase of 13.6% in its third quarter 2020 profits to reach 5.9 million riyals, compared to 5.2 million riyals in the same quarter of last year.
According to Arabiya Net, the company achieved a growth of 8.6% in the profits of the first 9 months 2020 to reach 75.8 million riyals, compared to 69.8 in the same period last year. .
and the company attributed the reason for the increase in profits during the current quarter compared with the same quarter of the previous year to:
- Sales grew by 38.22%, as a result of the entry of new products and the company signing a contract for the supply of medical supplies.
- in addition to the company's efforts to improve expenditure management and to better control controllable costs, and to benefit from government initiatives to mitigate the effects of the Covid-19 pandemic.
The company said that shareholders' rights (there are no minority rights) at the end of the period amounted to 536.5 million riyals, compared to 517.7 million riyals as at the end of the same period of the previous year, This is an increase of 4%.
