Riyadh – Mubasher: Thoub Al Aseel posted an increase in net profit by 8% during the first quarter (Q1) of 2020, as shown by its interim financial consolidated results.
Net profit after zakat and tax amounted to SAR 17.51 million in Q1-20, compared with SAR 16.2 million for the same period in 2019, according to a statement to the Saudi Stock Exchange (Tadawul).
The increase in profit is attributed to a 16.09% growth in sales that resulted from high demand and the improvement of E-commerce sales.
