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FINWIRES

Saudi Arabia's Gasco Books Higher Q1 Net Profit, Revenue

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-- National Gas and Industrialization Holding Co. (SASE:2080), d/b/a Gasco, said Tuesday that its net profit and revenue for the first quarter rose year over year.

Net profit attributable to shareholders of the issuer for the three months ended March 31 was 82.2 million Saudi riyals, compared with 61.9 million riyals a year ago. EPS moved to 1.1 riyals from 0.83 riyal.

The Saudi Arabia-listed liquefied petroleum gas retailer's revenue was 962.4 million riyals, compared with 837.6 million riyals previously.

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