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FINWIRES

Saudi Industrial Investment Posts Jump in Q1 Attributable Profit, Operational Profit

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-- Saudi Industrial Investment Group (SASE:2250) said Thursday its estimated attributable net profit and operational profit for the first quarter jumped year over year.

Net profit attributable to shareholders of the issuer for the three months ended March 31 was 252 million Saudi riyals, compared with 18 million riyals earlier. EPS moved to 0.38 riyal from 0.02 riyal.

The Tadawul-listed petrochemical industry-focused investor's operational profit was 252 million riyals, compared with 20 million riyals a year ago.

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