Riyadh – Mubasher: Herfy Food Services Co registered a slight rise of 0.7% in profits to SAR 48.06 million in the first quarter of 2019 from SAR 47.75 million during Q1-18, according to a bourse filing on Monday.
The food provider attributed the slight increase in Q1 profits to a rise in sales and other revenues.
On the other hand, selling, marketing, as well as general and administrative expenses registered an increase during the quarter.
Quarter-on-quarter, profits tumbled 8.3% when compared to SAR 52.43 million in Q4-18.
