The financial statements of Alujain Holding Company showed an increase in the company's profits in the first nine months of this year by 37%, on an annual basis.
According to the company's results for the Saudi market (Tadawul), today, Tuesday, the profits for the period amounted to 209 million riyals, compared to profits of about 152.53 million riyals for the same period of 2020.< /p>
The company achieved profits of 56.74 million riyals in the third quarter of this year, compared to profits of 15.92 million riyals for the same period in the previous year, a significant increase of 256.4%.
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is mainly due to the increase in Alujain's share in the net profits of the National Petrochemical Industries Company (NATPET) by 37 million riyals, in addition to a decrease in general and administrative expenses by 5 million riyals.
