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Al Abdullatif posts 68.49% fall in Q1 profit

Al Abdullatif posts 68.49% fall in Q1 profit
Net profit reached SAR 14.19 million ($3.78 million) in the first quarter of 2016.
ARTEX
2340
-16.89% 11.12 -2.26

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company reported on Tuesday a net profit of SAR 14.19 million ($3.78 million) in the first quarter of 2016, 68.49% down from SAR 45.04 million ($12 million) in Q1-15.

The fall in profit was a result to the decrease in sales, according to a bourse statement.