Riyadh – Mubasher: Saudi Company for Hardware’s (SACO) net profits grew 1.25% year-on-year to SAR 36.32 million ($9.7 million) in the second quarter of 2016 from SAR 35.87 million ($9.6 million).
The increase in net profit is due to higher sales and other revenues, added to the lower administrative expenses resulting in a rise in operating profit, according to a bourse filing on Tuesday.
The Saudi-listed company’s net profits fell 7.6% to SAR 64.42 million in H1-16 from SAR 69.71 million in the year-ago period.
