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Post : Electrical Industries Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
URL : https://middle-east.timesofnews.com/business-economy/electrical-industries-co-announces-its-interim-financial-results-for-the-period-ending-on-2021-03-31-three-months.html
Posted : May 4, 2021 at 5:08 pm
Author : Times of News
Tags : Business
Categories : Business & Economy

The increase in net profit is mainly attributed to the following:

1- Increase of sales from SAR 139.5 Million to SAR 167.8 Million

2- The diversification of the sold products which include products with higher profitability, in addition to improvement of Gross Margin in certain products.

3- Decrease of the financial expenses from SAR 2.1 Million to SAR 1.8 million due to lower finance cost.

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