Riyadh – Mubasher: Saudi Company for Hardware (SACO) posted 26% growth in net profit for the fourth quarter of 2015 to SAR 37.9 million, up from SAR 30 million in the prior-year period, according to a bourse filing.

Net profit for the twelve-month period ended 31 December, 2015 reached SAR 126 million, up 15% year-on-year from SAR 110 million.

The company said the profit rise was spurred by sales of newly opened stories, coupled with an increase in sales of all divisions.