HB
6001
-1.25%
43.45
-0.55
6001
Riyadh-Mubasher: Halwani Bros recorded SAR 25.9 million in net earnings during the first quarter of 2015, growing 9.75% form SAR 23.6 million in Q1-14. The earnings also rose by the same percentage compared with SAR 23.6 million in the previous quarter.
The profit increase was driven by a 7.9% increase in sales to SAR 287 million in Q1 compared with SAR 266 million a year earlier, in addition to a decrease in raw material cost that resulted in gross profit growth, Halwani said.
Source:
Mubasher