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Saudi Research’s profit surges 583% in Q1

Saudi Research’s profit surges 583% in Q1
Net profits amounted to SAR 79.9 million in Q1-19
SRMG
4210
-2.41% 137.60 -3.40

Riyadh – Mubasher: Saudi Research and Marketing Group reported a 582.9% year-on-year hike in profits for the first quarter of 2019.

Net profits amounted to SAR 79.9 million in Q1-19, compared to SAR 11.7 million in Q1-18, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

Revenues of the Saudi-based company surged 43.6% to SAR 531.6 million during the first three months of 2019, from SAR 370.3 million in the same period of the previous year.