Riyadh-Mubasher: Saudi Vitrified Clay Pipes achieved a growth of 42.47% in profits of the first quarter in 2016 as compared to the same quarter in 2015, according to a bourse statement.
The Saudi firm’s earnings reached SAR 31.2 million ($8.32 million) in Q1-16 as compared to SAR 21.9 million ($5.84 million) in Q1-15.
The statement noted that the increase in Q1 net profits resulted from a growth in sales.
