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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 ,

Engie hands over second energy efficiency project to Tarshid


Engie hands over second energy efficiency project to Tarshid
RIYADH, 2 hours, 35 minutes
ago
Engie, a French multinational utility company, has handed over its second energy efficiency project - Medical City of King Saud University - to Saudi national energy services company (Tarshid). 
 
The MCKSU Project was awarded by Tarshid to Engie in December 2019 and was officially handed over in December last year. 
 
After concluding a detailed audit of the facilities, Engie has successfully completed the implementation of 11 energy savings measures to reduce energy usage and guarantee energy efficiency for the Medical City of King Saud University (MCKSU) in Riyadh by over 31%, equivalent to 43 GWh per year, for 10 years. ....

Saudi Arabia , Ar Riya , Turki Al Shehri , City Of King Saud University , Saudi Arabia National Energy Services Company , Public Investment Fund , Tradearabia News Service , Ministry Of Energy , France Based Engie , National Energy Services Company , Medical City , King Saud University , Public Private Partnership , Public Investment , சவுதி அரேபியா , ஆர் ரியா , துர்கி அல் ஷெஹ்ரி , நகரம் ஆஃப் கிங் ஸாட் பல்கலைக்கழகம் , சவுதி அரேபியா தேசிய ஆற்றல் சேவைகள் நிறுவனம் , பொது முதலீடு நிதி , அமைச்சகம் ஆஃப் ஆற்றல் , தேசிய ஆற்றல் சேவைகள் நிறுவனம் , மருத்துவ நகரம் , கிங் ஸாட் பல்கலைக்கழகம் , பொது ப்ரைவேட் கூட்டு , பொது முதலீடு ,