June 18, 2020 / 12:50 PM / 20 days ago

BRIEF-Saudi's Al Hammadi Qtrly Profit Rises

June 18 (Reuters) - AL HAMMADI COMPANY FOR DEVELOPMENT AND INVESTMENT:

* QTRLY NET PROFIT AFTER ZAKAT AND TAX 24.94 MILLION RIYALS VERSUS 24.17 MILLION RIYALS YEAR AGO

* AL HAMMADI CO FOR DEVELOPMENT AND INVESTMENT - QTRLY SALES 206.69 MILLION RIYALS VERSUS 229.68 MILLION RIYALS YEAR AGO

* QUARTER SAW DECREASE IN ADMINISTRATIVE EXPENSES

* QUARTER SAW DECREASE IN FINANCE COSTS DUE TO LOWER LENDING COST Source text for Eikon: Further company coverage:

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