Saudi packaging producer FIPCO turned into profit in Q1 : co

RIYADH: Saudi Arabia’s Filling & Packing Materials MFG. Co., FIPCO, has turned into a profitable company after reporting a net profit of SR400,000 ($106,662) in the first quarter of 2022. This first-quarter net profit improved from a loss of SR1.5 million during the same quarter of the previous year following growth in gross profit of 4.8 percent, according to a bourse filing.

Related Keywords

Saudi Arabia , Riyadh , Ar Riya , , Packing Materials , Woven Polypropylene , Jubail , Al Ahsa , Al Kharj , Taif , Qatif , Soil , Dammam , Abha , Asir , Yanbu , Islam , Jobs , Sports , Khalij Times , Gulf News , Saudi Gazette , Tabuk , Mecca , Medina , Almadinah , Jeddah , Makkah , Hail , Eastern , King Abdullah , Obs In Saudi , Work In Saudi Arabia , Mrah , Hajj عرب نيوز ,