Published 28 Mar,2021 via Arab News - Economy DUBAI - Shrimp sales were the catch of the day for Saudi Arabia’s Jazadco last year as it swung to a profit — its best in six years.
The Jazan-based company with interests that span aquaculture, agriculture and real estate, reported a profit of SR10.8 million ($2.9 million) last year compared to a loss of SR12.9 million a year earlier. Sales rose by 18 percent to SR85 million, it said in a stock exchange filing.
Jazadco underwent an organizational restructuring last year which saw it cut costs and revamp its sales and marketing strategy.
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Arab News