Riyadh-Mubasher: Tabuk Agriculture Development Co (TADCO) recorded SAR 4.5 million in net earnings in the three-month period ended on 31 March, soaring 159.94% compared with SAR 1.7 million a year earlier.

The earnings were 159.5% higher compared with SAR 1.7 million in the previous quarter.

The year-on-year profit growth was boosted by a 28% jump in sales, as demand for fodder increased in Q1, TADCO said.

The company ascribed the quarter-on-quarter profit increase to the growing demand for fodder products.