Better and better
The company posted a 61% rise in its operating profit, which amounted to SAR50.7m (vs. SAR31.5m in the same quarter of the previous year). The Net Profit jumped to SAR40.6m compared to SAR26.3m in Q1 2015 (+54.4% yoy and +5.7% qoq) due to low cost-to-sales revenue ratio, lower financing charges and SG&A expenses. The company has not released its top line figures yet.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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