Halwani Bros. Co. announced earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced net profit of SAR 16.5 million compared to SAR 20.4 million a year ago. Operational profit was SAR 25 million compared to SAR 30.5 million a year ago. Earnings per share were SAR 0.58 compared to SAR 0.71 a year ago. The decrease in net income for the current quarter as compared to the corresponding quarter of the previous year is due to increase in the cost of goods sold in the company in Saudi Arabia due to increase in raw material prices; increase in the cost of goods sold in the company in Egypt due to increase in the Egyptian pound Exchange rate which resulted increase in raw material prices; increase in the Discounts in both Saudi Arabia and Egypt. The decrease in net Income for the current quarter compared to the previous quarter is due to increase in the cost of goods sold in the company in Saudi Arabia due to increase in raw material prices; Increase in the cost of goods sold in the company in Egypt due to increase in the Egyptian pound Exchange rate which resulted increase in raw material prices; Increase in the Discounts in both Saudi Arabia and Egypt.