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Saudi Printing profits leap 126% in Q2

Saudi Printing profits leap 126% in Q2
Photo Credit: Arabianeye-Reuters
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Riyadh – Mubasher: Saudi Printing and Packing reported a preliminary net profit of SAR 28.2 million in the second quarter of 2015, a surge of 126% from SAR 12.49 million in Q2-14, according to a bourse filing on Wednesday.

Profits for the first six months of 2015 stood at SAR 39.82 million, compared to SAR 21.96 million, registering growth of 81%.

The printing and packaging firm attributed its profit growth in the two periods to listing capital profits resulting from the sale of six land plots in Jeddah.