RIYADH, 19 April 2004 — The National Agricultural Development Company (NADEC) has made SR8.3 million in profits for first quarter. Abdul Aziz Al-Babtain, general manager of the company, said that the results of the first quarter showed a 16 percent increase in sales which amounted to SR115.7 million. Al-Babtain pointed out that the amount of profits was proof of good performance. The company will distribute SR3 per share which is 6 percent of the company’s capital.