Saudi Company for Hardware (SACO) plans to open 35 showrooms by the end of 2018, Chief Executive Sameer Mohammad Al Hamaidi told Argaam.

 

SACO’s sales in Q2 2017 rose 7 percent year-on-year (YoY) to SAR 376 million, in addition to sales from its subsidiary, Medscan Terminal Company, which amounted to SAR 4.72 million.

 

Net profit in Q2 rose to SAR 40.36 million, a 9 percent YoY increase.

 

The company strengthened its partnerships with suppliers to ensure that it’s providing the best products and pricing for its customers. It also lowered expenses and rationalized electricity consumption, he said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

SACO’s H1 net profit rises 8%

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request