Riyadh – Mubasher: Thoub Al Aseel’s net profit for 2020 increased by 2.5% on an annual basis to stand at SAR 82.39 million, compared with SAR 80.37 million in 2019.
The rise in annual profits was helped by a jump in sales, coupled with higher gross profit and net profit from the signing of a contract to supply medical supplies, according to a bourse statement on Sunday.
Revenues were up by 10.5% last year, reaching SAR 527.34 million from SAR 477.21 million in the previous year.
