RIYADH: 海角直播鈥檚 decision to allow Umrah with full capacity led to a profitable first quarter for wholesale and retail clothing and textile firm听Thob Al Aseel Co., CEO听Ahmed Al-Sultan, told Argaam. 听
The Riyadh-based business recorded a profit growth of 36 percent to SR19 million ($5 million), against SR14 million听in the same quarter听a year earlier,听after its sales听rose by 34 percent year-on-year,听according to a bourse filing.
Al-Sultan added Umrah activity is a key driver of sales, noting that the increase of non-local Umrah performers propelled recovery in sales from the Western region.
The executive expects the positive performance to sustain over the coming period, buoyed by client incentives and programs, in addition to better business conditions.听
听
