According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits for the period amounted to 14.2 million riyals, compared to the profits for the first quarter of last year of 19.8 million riyals. p>
The company said in a statement to the Stock Exchange today that the decline in profits during the comparison periods is due to lower profit margins as a result of pressure on selling prices despite the decrease in general, administrative and marketing expenses and high sales volume .
The company recorded total sales of 389.6 million riyals in the first quarter of this year, compared to 285.9 million riyals in the same period of 2019, an increase of 91.4%.
