Al Madina Cement Profits Decline In Q1
Dar Al Majd Real Estate reported a decline in profits during the first quarter of this year. Profits reached 38,662,000 riyals, according to the report. This follows a decrease in sales volume for Al Moammar Information Systems. The company stated the decline resulted from increased spending on expansion rather than weak demand. Sales and distribution specifications rose by approximately 6.19% during the period. Strategic investments included opening new branches and launching a digital platform. The company is also updating operating systems and investing in distribution and logistics networks. Al Madina Cement reported profits of 30,178,000 Saudi riyals for the first quarter of the current year. This figure represents a decline in earnings for the company.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
SBA Al-Ekhbariya
“انخفضت أرباح شركة دار المجد العقارية بشكل ملحوظ خلال الربع الأول من هذا العام لتصل إلى 38 مليون و662 ألف ريال”
SBA Al-Ekhbariya
“الربع الأول من هذا العام لتصل إلى 38 مليون و662 ألف ريال لكن هذا التراجع لم يكن بسبب ضعف الطلب، بل نتيجة ارتفاع الإنفاق على التوسع.”
SBA Al-Ekhbariya
“تراجعت أرباح شركة سمنت المدينة إلى 30 مليون و178 ألف ريال هذا خلال الربع الأول من العام الجاري”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade