Riyadh-Mubasher: Saudi Research and Marketing Group recorded SAR 19.7 million in net income during the first three-month period of 2015, versus net losses of SAR 27.6 million in the corresponding quarter a year ago.

The company posted net losses of SAR 19.9 million in the previous quarter.

The company attributed the first-quarter profit to the strong gross income recorded by its subsidiary, Saudi Printing and Packaging, on low prices of raw materials.