Riyadh – Mubasher: Alujain Corporation reported a surge of 945.3% in net profit year-on- year to SAR 28.9 million in the first quarter of 2017 from SAR 2.76 million.
The hike was ascribed to higher sales volume, achieving good profit margin due to higher selling prices and lower raw materials, according to a bourse filing on Thursday.
Sales grew 30.2% to SAR 397.8 million in Q1-17 from SAR 305.6 million in Q1-16.
