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

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.