RIYADH: Saudi Research & Marketing Group (SRMG) has announced the interim financial results for the period ending June 30, 2011.
The group's net profit during the second quarter amounted to SR33.6 million compared to SR35.3 million for the same period of the previous year, which represents a decrease of 4.8 percent.
The latest figure is an increase of 122.5 percent from SR15.1 million posted in the previous quarter, according to a statement.
It said SRMG's gross profit during the second quarter amounted to SR93.1 million compared to SR96.9 million for the same period of the previous year, representing a decrease of 3.9 percent.
Income from main operations during the second quarter reached SR35.1 million compared to SR38.1 million for the same period of the previous year, representing a decrease of 7.9 percent.
The statement said SRMG's net profit during the first six months dropped 2.8 percent to SR48.7 million from SR50.1 million reported for the same period of the previous year.
Earnings per share during the first six months amounted to SR0.61 compared to SR0.63 for the same period of the previous year.
Gross profit during the first six months amounted to SR173.2 million compared to SR174.3 million for the same period of the previous year, representing a decrease of 0.6 percent.
Income from main operations during the first six months amounted to SR56.3 million compared to SR58.6 million for the same period of the previous year, representing a decrease of 3.9 percent.
© Arab News 2011
