Thimar’s profits decline 35% in Q1

Riyadh – Mubasher:  The profits of National Agriculture Marketing Co (Thimar) fall 35.3% in the first quarter of 2017.

The company achieved SAR 1.48 million in Q1-17 compared to SAR 2.28 million in the year-ago period.

The decrease in Q1 profits was attributable to higher expenses due to recruiting new labour, according to a bourse filing on Thursday.

Total sales decreased 6.31% to SAR 35 million in Q1 compared to SAR 37.37 million in the same period of the previous year.

Mubasher Contribution Time: 20-Apr-2017 07:29 (GMT)
Mubasher Last Update Time: 20-Apr-2017 08:32 (GMT)

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