Riyadh – Mubasher: Al Ahsa Development Co. posted SAR 4.9 million in net profits for the first quarter of 2015, a rise of 6% year-over-year from SAR 4.7 million reported in the same period a year earlier.

The profit rise was ascribed to adding a subsidiary to the company’s financial results and achieving profits from one-off operations.

Meanwhile, the company turned to profits from losses in Q4-14 thanks to higher revenues.