Riyadh – Mubasher: The net earnings of Halwani Bros. Company climbed by 4,1% in 2020 to SAR 100.8 million, compared with SAR 2.4 million in 2019.
This increase was helped by a sales growth in local and international markets, lower financing charges, and a higher gross margin driven by better sourcing and supply chain efficiency, according to a bourse statement on Sunday.
Additionally, the company restructured the product portfolio and sales mix in line with consumer demand and improved margin.
Last year, the firm's revenues grew by 17.2% to SAR 1.06 billion from SAR 899.9 million a year earlier.
