Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation’s (Spimaco) profit grew 7% year-on-year in the first quarter of fiscal 2016.
Net profit reached SAR 106.5 million ($28.4 million) in Q1-16, versus SAR 99.4 million ($26.50 million) in Q1-15, according to a bourse filing.
The rise in Q1 profit was a result to achieving non-recurring revenues of SAR 15.5 million ($4.13 million) through selling available for sale investments.
