Money and business

The high profits of “Riyadh cables” to 816.9 million riyals in 2024

The profits of the Riyadh Cable Group Company in 2024 increased by 57.6% to 816.9 million riyals, compared to 518.5 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the increase in the net profit is mainly due to the high sales revenues associated with the diversity of the products sold.
The reason for the rise in revenues is due to the increase in the amount of quantities sold

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