Riyadh – Mubasher: Saudi National Gas & Industrialization Co. (GASCO)’s profits for the first quarter of 2016 rose 19.3% year-over-year to SAR49.72 million ($13.26 million) from SAR41.68 million ($11.12 million).
This growth was fuelled by sales and other revenues that increased by SAR28.77 million and SAR2.07 million respectively, the company said in a bourse filing.
In return however, the cost of sales, general and administrative expenses, as well as other expenses jumped by SAR16.35 million, SAR2.43 million, and SAR3.87 million correspondingly.
