Mubasher TV
Contact Us Advertising   العربية

Aseer turns to profits in Q3-2017

Aseer turns to profits in Q3-2017
The company’s profits increased 18.9% during Q3-17 versus the previous quarter.
SINAD HOLDING
4080
0.00% 10.20 0.00

Riyadh – Mubasher: Aseer Trading, Tourism and Manufacturing on Wednesday announced that it turned to profits during the third quarter of 2017, achieving SAR 4.4 million as compared to SAR 48.1 million in losses in the Q3-16.

The increase in profits was due to high operational profits, low losses in investments, low sales and distribution costs, as well as low general and administrative expenses.

The company’s profits increased 18.9% during Q3-17 versus the previous quarter.

Over the first nine months of 2017, the company achieved SAR 28.7 million in profits, comparing to SAR 83.1 million during the year-ago period.