Riyadh-Mubasher: Makkah Construction and Development Co. reported a 5.66% growth in its financials for the first quarter ended 30 Rajab 1437, according to a bourse statement.

Profits stood at SAR 56 million in the three-month period of 1437, compared to SAR 53 million in the prior-year period.

The profit rise is mainly attributed to an increase in revenues and rooms occupancy rate in Makkah Hilton Towers.

Operating profits rose 9.09% to SAR 60 million in the first quarter of 1437, compared to SAR 55 million in the same quarter a year earlier.

Earnings per share (EPS) increased to SAR 0.34 during the period, compared to SAR 0.32.