Riyadh – Mubasher: The net profit after Zakat and tax of Bawan Company leapt by 410.9% in the second quarter (Q2) of the year to hit SAR 15.46 million, compared with SAR 3 million in the year-ago period.
This growth in the interim profits was supported by higher gross profit as profit margin and other income increased, whereas operating and financial expenses fell, according to a bourse disclosure on Tuesday.
Revenues came in at SAR 519.802 million over the three-month period ended 30 June 2020, slightly up by 0.12% from SAR 519.166 million in the same period in 2019.
