According to the results of the company for the Saudi market (Tadawul) today, Wednesday, profits for the period amounted to 41.83 million riyals, compared to losses of 25.39 million riyals for the first quarter of 2019. p>
The company said in a statement to the Stock Exchange that the positive shift in the results during the comparison periods is due to the 7.8% increase in revenue, especially revenue from the sale of goods.
In addition to the decrease in the cost of goods sold as a result of improving the mix of products sold, increasing the number of units produced and reducing production costs.
Consequently, the gross profit amount increased 33% compared to the same quarter of 2019, and this also led to an increase in operating profit 307%.
