According to the results of the company for the Saudi market (Tadawul) today, Thursday, the profits for the period amounted to 26.6 million riyals, compared to profits of 16.9 million riyals for the first quarter of last year. p>
The company said that the increase in profits during the comparison periods is due to the gains achieved from the application of International Standard No. (9) for financial reports amounting to 32 million riyals, as it was due as a result of an increase Facilities of the current leasing contract in the port sector.
The company also attributed the improved results to the increase in other income by 5.8 million riyals.
The company’s revenues in the first quarter of this year reached 167.29 million riyals, compared to 166.5 million riyals for the same period in 2019, a slight increase of 0.5%.
