Saudi Arabia-based Development Works Food Company posted 6.68% increase in net profit for the three months ending September 30 compared to the same period last year.
The food industry investor reported 2.46 million Saudi riyals ($656,000) in profit after zakat and tax for July-September versus 2.31 million riyals for the same quarter in 2018.
This was propped up by a 29.2% growth in sales to 37.07 million riyals, the company reported in a Saudi stock exchange filing on Monday (December 2).
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