Riyadh – Mubasher: Jazan Development on Sunday reported a surge in its net profits by 1622% to SAR 1.23 million ($328,900) for the first quarter of 2016, up from SAR 71,600 ($19,090) in the corresponding period in 2015.
The Saudi-listed development firm attributed the rise to increased sales by as much as 77% due growing sales of shrimps, water as well as real estate revenues, according to a bourse statement.
