Riyadh-Mubasher: National Gas and Industrialization Co. (GASCO) made SAR 40 million in net earnings during the fourth quarter of 2015, rising 10.5% compared with SAR 36.5 million in Q4-14.
The profit growth in Q4-15 was fuelled by an increase of SAR 8.53 million in sales as well as decline in other expenses, the company said.
Full-year net income fell 7% year-on-year from SAR 152 million to SAR 142 million.
FY15 profit fall was attributed by GASCO to an increase in general and administrative expenses by SAR 11 million and decline in other revenues by SAR 6.6 million.
