Categories: Business

Saudi glass manufacturer Zoujaj sees 138% profit jump in first 9 months


Tue, 2022-10-25 09:33

RIYADH: Saudi Arabia’s National Co. for Glass Industries, known as Zoujaj, saw its profit jump 138 percent to SR93 million ($25 million) in the first nine months of 2022.

This is a rise from SR39 million the company recorded during the same period in 2021, according to a bourse filing. 

Despite the announcement, the company’s shares declined 4.31 percent to reach SR39.90, as of 10:10 a.m. Saudi time

For the third quarter of 2022, Zoujaj’s net profit rose slightly by 6 percent to SR20 million from SR19 million a year earlier.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Israel reopens evacuated West Bank settlement, defying growing international protests

Samer is partially blind and has a leg injury that makes moving difficult."Fear dominates everything.…

4 hours ago

Wellness habits you can start today – at no (or little) cost

The cost of studio memberships can be pretty high, so people are increasingly organising their…

8 hours ago

US says sanctions will ‘squash’ Iran’s economy and ‘collapse’ its regime

The Iranian economy has long been struggling under the weight of decades of international sanctions,…

13 hours ago

UK, France, Germany, Italy and Canada condemn Israel’s West Bank settlement project

Despite an Israeli court challenge to the plans by Bedouin Palestinians living in the area…

14 hours ago

North Korea launches 10 ballistic missiles as US-South Korea drills near end

South Korea’s presidential office condemned North Korea’s launch of more than 10 short-range ballistic missiles…

17 hours ago

China considering summit with Seoul in November, South Korean foreign ministry says

Chinese Foreign Minister Wang Yi said on Wednesday (Aug 19) that Beijing was “actively considering”…

18 hours ago