The annual profits of the Thoub Al-Aseel company increased by 2.5% to reach 82.4 million riyals in 2020, compared to 80.4 million riyals in 2019.
The value of operating profits achieved by the company amounted to 99 million riyals, compared to 95.9 million riyals, in 2019, with a growth of 4.3%, and the value of the fourth-quarter profit amounted to 6.6 million riyals.
According to Arabnet, the company said in a statement that the reason for the increase in net profit is due to the growth of sales at a rate of 10.50%, as a result of the company signing a contract to supply medical supplies, which had the effect of increasing the net profit of the current year compared to the previous year .
