Saudi Arabia: Zoujaj USD 6.0 million net profit for 2002

The Saudi National Glass Industries Company (Zoujaj) posted a net profit of SAR 22.5 million (USD 6.0 million/ EUR 5.6 million) for 2002, compared to SAR 8.1 million (USD 2.2 million/ EUR 2.0 million…

The Saudi National Glass Industries Company (Zoujaj) posted a net profit of SAR 22.5 million (USD 6.0 million/ EUR 5.6 million) for 2002, compared to SAR 8.1 million (USD 2.2 million/ EUR 2.0 million) for 2001. The company“s sales were SAR 60.3 million (USD 16.1 million/ EUR 14.9 million), down from SAR 64.2 million (USD 17.1 million/ EUR 15.9 million). Zoujaj reported total expenses of SAR 13 million (USD 3.5 million/ EUR 2.62 million), down 38% year-on-year. Shareholders“ equity stood at SAR 199.3 million (USD 53.1 million/ EUR 49.4 million), compared to 176.8 million SAR (USD 47.1 million/ EUR 43.8 million).