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The H1-20 net profits stood at SAR 643.9 million
Revenues came at SAR 4.08 billion in the first six months of the year, 8.3% more than the SAR 3.76 billion recorded in H1-19, according to a bourse statement.
The rise in profits was attributed to a growth in revenues, led by the product categories of foods, long-life dairy, and poultry, which recorded annual double-digit growth.
The company's gross profit increased by 4.7% while selling and distribution expenses soared by SAR 47 million or 8%, and general and administrative expenses hiked by SAR 5.3 million or 5.3%.
Other expenses and financing costs declined by SAR 9 million and SAR 19 million, respectively, whereas impairment of financial assets rose by SAR 9 million.
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