Mubasher TV
Contact Us Advertising   العربية

Zoujaj Q2 profits surge 224%

Zoujaj Q2 profits surge 224%
Net profit for Q2-17 increased 147.4%
ZOUJAJ
2150
0.64% 31.30 0.20

Riyadh – Mubasher: National Company for Glass Industries (Zoujaj) posted on Tuesday a rise of 224.1% in its net profit for the second quarter of fiscal year 2017 to SAR 37.6 million, compared to SAR 11.6 million for Q2-16.

Net profit for Q2-17 increased 147.4% compared to the previous quarter, according to a bourse filing.

Sales declined in Q2-17 by 19.2% to SAR 26.5 million from SAR 32.8 million in Q2-16.

In the first six months of FY17, bet profit rose 108.7% to SAR 52.8 million, versus SAR 25.3 million for H1-16.

Sales reached SAR 62.9 million in H1-17, 5.5% down from SAR 66.6 million for the same period last year.

The stock fell on Monday by 0.62% to SAR 19.27.