Thob Al-Aseel makes SAR 41 mln net profit in six-month period
Thob Al-Aseel Co., which specializes in the import, export, and wholesale and retail trade of textiles and apparel, reported a net profit of SAR 40.9 million for the six-month period between Sept. 5, 2016 and March 31, 2017. There are no previous recorded figures for comparison.
Operating profit reached SAR 39.93 million, while shareholders’ equity–excluding minority rights—amounted to SAR 527.69 million in the six-month period.
Thob Al-Aseel recorded SAR 190.49 million in sales during Q1.