Riyadh – Mubasher: Alujain Corporation posted on Tuesday a net profit of SAR 2.17 million ($578,705) in the first quarter of the fiscal year 2016, against net losses of SAR 16.83 million ($4.48 million) in Q1-15.
Profit was attributed to higher sales volume despite lower sales prices in the three months period, according to a bourse statement.
