Riyadh – Mubasher: Arabian Pipes achieved SAR 11.17 million ($2.98 million) net profit in the second quarter of 2016 against SAR 8.4 million ($2.24 million) in Q2-15.
“The reason for profit in the current quarter is due to the increase sales and gross profit margin as a result of productivity of Jubail plant,” according to a bourse filing on Sunday.
The Saudi-listed company posted net profit of SAR 0.23 million in the first half of 2016 after SAR 14.73 million in the year-ago period.
