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20-05-21
Saudi Research and Media Group announces 41.4 percent increase in net profit
(MENAFN)A 41.4 percent boost in first three months net profit was proclaimed by Saudi Research and Media Group (SRMG), the publisher of Arab News.
The company further stated in a filing to the Tadawul stock exchange that the company generated SR91.5 million (USD21.4 million) in profit for the first three months as sales increased by more than a fifth to SR596.8 million.
The Riyadh-headquartered company declared that Costs also increased compared to a year earlier "mainly due to operating costs of certain projects."
SRMG rebranded to turn into the Saudi Research and Media Group. It was before called as The Saudi Research and Marketing Group.
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