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Saudi AC distributor sees 30.5% increase in Q1 revenue

RIYADH: Al Hassan Ghazi Ibrahim Shaker Co. (Shaker), a Saudi importer, manufacturer and distributor of air conditioners (ACs) and home appliances, has reported that revenue in the first three months of 2021 grew 30.5 percent year-on-year to SR288.3 million ($76.88 million), resulting in a net profit of SR4.5 million for the quarter.
The quarterly rebound is in contrast to a net loss of SR3.3 million in the same period last year.
Mohammed Ibrahim Abunayyan, CEO of Shaker, said in a press statement: “During the first quarter our team continued to demonstrate flexibility to operate in a challenging environment and deliver strong sales and earnings. At the beginning of the year, we rolled out our 2021-2023 strategy and we are pleased to already see the results of our growth plan. ....

Saudi Arabia , Ar Riya , Mohammed Ibrahim Abunayyan , Saudi Energy Efficiency Center , National Energy Services Company , Al Hassan Ghazi Ibrahim Shaker Co , Ibrahim Abunayyan , National Energy Services , Red Sea , சவுதி அரேபியா , ஆர் ரியா , முகமது இப்ராஹிம் , சவுதி ஆற்றல் செயல்திறன் மையம் , தேசிய ஆற்றல் சேவைகள் நிறுவனம் , தேசிய ஆற்றல் சேவைகள் , சிவப்பு கடல் ,

Shaker swings to Q1 net profit, revenue grows 30.5pc

Shaker swings to Q1 net profit, revenue grows 30.5pc
RIYADH, 22 days
ago
Al Hassan Ghazi Ibrahim Shaker Company (Shaker), a leading Saudi-based manufacturer and distributor of air-conditioners and home appliances, has registered a net profit of SR4.5 million ($1.2 million) for the first three months, compared to a net loss of SR3.3 million ($879,522) last year.

Announcing its financial results for the three-month period ended March 31, Shaker said it has achieved revenue of SR288.3 million, growing by 30.5% compared to Q1 last year and by 46.7% compared to the previous quarter. Also its gross profit of SR57.6 million increased by 16.8% year-on-year.

The third consecutive profitable quarter was mainly due to Shaker s strong and sustained growth in revenues in addition to the management s ongoing optimization and cost saving measures, a focus on innovation, and the success of the company’s product portfolio strategy. ....

Saudi Arabia , Red Sea , Djibouti General , Ar Riya , Mohammed Ibrahim Abunayyan , Saudi Energy Efficiency Center , National Energy Services Company , Al Hassan Ghazi Ibrahim Shaker Company , Tradearabia News Service , Hassan Ghazi Ibrahim Shaker Company , Ibrahim Abunayyan , Home Appliances , Artificial Intelligence , Tradearabia News , சவுதி அரேபியா , சிவப்பு கடல் , ஆர் ரியா , முகமது இப்ராஹிம் , சவுதி ஆற்றல் செயல்திறன் மையம் , தேசிய ஆற்றல் சேவைகள் நிறுவனம் , அல் ஹாசன் காசி இப்ராஹிம் ஷேக்கர் நிறுவனம் , ஹாசன் காசி இப்ராஹிம் ஷேக்கர் நிறுவனம் , வீடு உபகரணங்கள் , செயற்கை உளவுத்துறை ,

LG, Shaker to upgrade Saudi JV plant with innovative technology

LG, Shaker to upgrade Saudi JV plant with innovative technology
RIYADH, 29 days
ago
LG Electronics (LG) and Al Hassan Ghazi Ibrahim Shaker Company (Shaker), a leading Saudi-based manufacturer and distributor of air-conditioners and home appliances, have announced plans to upgrade their air-conditioner production facility in Riyadh with innovative automation technology.

Opening a new era in the local manufacturing industry, the LG-Shaker plant will deploy industrial robots and artificial intelligence (AI) technology to automate the production process and optimize operational efficiency.

The adoption of cutting-edge automation technology will result in increased output and enable the plant to produce components that are now sourced, in part, from external providers. ....

Saudi Arabia , Ar Riya , Ilhwan Lee , Mohammed Ibrahim Abunayyan , Lg Electronics Middle , National Industrial Development , Al Hassan Ghazi Ibrahim Shaker Company , Tradearabia News Service , Lg Electronics , Middle East , Ibrahim Abunayyan , North Africa , Saudi Vision , Logistics Vision , Tradearabia News , சவுதி அரேபியா , ஆர் ரியா , முகமது இப்ராஹிம் , எல்ஜி மின்னணுவியல் நடுத்தர , தேசிய தொழில்துறை வளர்ச்சி , அல் ஹாசன் காசி இப்ராஹிம் ஷேக்கர் நிறுவனம் , எல்ஜி மின்னணுவியல் , நடுத்தர கிழக்கு , சவுதி பார்வை , தளவாடங்கள் பார்வை ,

LG, Shaker to upgrade Saudi JV plant with innovative technology

LG, Shaker to upgrade Saudi JV plant with innovative technology
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.

Saudi Arabia , Ar Riya , Ilhwan Lee , Mohammed Ibrahim Abunayyan , Lg Electronics Middle , National Industrial Development , Al Hassan Ghazi Ibrahim Shaker Company , Tradearabia News Service , Lg Electronics , Middle East , Ibrahim Abunayyan , North Africa , Saudi Vision , Logistics Vision , Tradearabia News , சவுதி அரேபியா , முகமது இப்ராஹிம் , எல்ஜி மின்னணுவியல் நடுத்தர , தேசிய தொழில்துறை வளர்ச்சி , அல் ஹாசன் காசி இப்ராஹிம் ஷேக்கர் நிறுவனம் , எல்ஜி மின்னணுவியல் , நடுத்தர கிழக்கு , சவுதி பார்வை , தளவாடங்கள் பார்வை ,