SRMG achieved profits of 12.3 million dollars in 2017
The Saudi Research and Marketing Group achieved profits of 46.3 million riyals ($12.3 million) during 2017, in a very positive development in terms of the company's financial results.
The Saudi Research and Marketing Group attributed the main reason for achieving net profits for the year 2017 compared to net losses for the year 2016 to the increase in the total profit for the year 2017 compared to the year 2016, explaining that achieving this came as a result of the increase in revenues by 20%, especially the revenues of the public relations sector, as well as the decrease in administrative expenses. And general and selling and marketing expenses for the year 2017 compared to 2016, which led to an operating profit for the year 2017. It is noteworthy that the Saudi Research and Marketing Group publishes various publications, including Al-Sharq Al-Awsat, the Arab International newspaper, Al-Iqtisadiah, and Arab News. Issued in English, and "Sports", in addition to specialized magazines.