Riyadh – Mubasher: Baazeem Trading Company registered a 22.9% year-on-year (YoY) increase in net profits during the second quarter (Q2) of 2020 at SAR 6.59 million, attributed to higher sales.  

This comes in comparison to SAR 5.36 million of the year-ago period, according to a statement to the Saudi stock market on Thursday.

Revenues witnessed a 7.5% YoY growth over the three months ended 30 June at SAR 71.75 million.

In the first half (H1) of the year, the company gained SAR 15.5 million in net profits, compared with SAR 12.4 million in H1 of last year, posting a 25.2% annual surge.