According to the results of the company for the Saudi market (Tadawul) today, Wednesday, the profits for the period amounted to 17.5 million riyals, compared to the profits of the first quarter of last year amounting to 14.98 million riyals. p>
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is mainly due to the decrease in the provision for additional premiums of 15.32 million riyals in the first quarter of 2020, compared to a rise of 13.89 Million riyals in the same quarter of 2019.
The company explained that the earnings per share were calculated based on the net profit after Zakat amounting to 15 million riyals, knowing that the accumulated profits at the end of the first quarter of 2020 amounted to 66.64 million riyals.
