Riyadh-Mubasher: National Company for Glass Industries (Zoujaj) reported a decrease by 32.8% in its quarterly profits, according to a bourse filing.
Profits reached SAR 12.5 million ($3.3 million) in the first quarter of 2016, compared to SAR 18.6 million ($4.96 million) in the same period of 2015.
Zoujaj’s profit fall is mainly attributed to a decline in its affiliates’ profits.
Operational profits stood at SAR 7.8 million ($2.08 million) in Q1-16, a decline of 2.63% from SAR 7.6 million ($2.03 million) in Q1-15.
