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Zoujaj Q1 profits grow on subsidiaries

Zoujaj Q1 profits grow on subsidiaries
(Photo archive)
ZOUJAJ
2150
2.04% 37.00 0.74

Riyadh – Mubasher: National Company for Glass Industries’ (Zoujaj) profits rose 11.76% in the first quarter of 2017.

The company posted SAR 15.2 million in Q1-17 compared to SAR 13.6 million in the year-ago period.

The increase in Q1 profits was attributable to an enhancement of the financial performance of subsidiary companies, according to a bourse filing on Wednesday.

Total sales grew 8.3% to SAR 36.5 million in Q1 compared to SAR 33.7 million in the same period of the previous year.