Riyadh – Mubasher: Development Works Food Co (DWF) achieved a growth of 2.4% in profits during the second quarter of 2018 compared to the same period last year.
DWF’s earnings increased to SAR 2.69 million from SAR 2.63 million in the same quarter a year ago, according to a bourse disclosure on Tuesday.
On a quarterly basis, DWF recorded a leap of 100.9% in profits in Q2-18 when compared to SAR 1.34 million in the first quarter.
DWF noted that the growth in Q2 profits is attributed to an increase of 52.3% in revenues at SAR 31.16 million when compared to SAR 20.46 million in Q2-17.
During the first half of 2018, the company’s profits inclined by 9.7% to SAR 4.03 million compared to SAR 3.67 million in H1-17. This increase in H1 profits is attributed to a growth of 58.7% in revenues.
