Riyadh – Mubasher: Al-Baha Investment and Development Company posted a correction to its financial results for the nine-month period ended 30 September 2019, regarding operational profits.
The company reported a 65.95% increase in profits during the third quarter (Q3) of the year to SAR 1.73 million, with revenues rising by 23.9% year-on-year (YoY) to SAR 2.8 million.
In Q3-19, operational profit amounted to SAR 845,183, according to a company statement to the Saudi Stock Exchange (Tadawul) on Wednesday.
As for the first nine months of the year, profit grew by 11.5% YoY to SAR 4.5 million.
Revenues amounted to SAR 7.7 million, decreasing by 5.88% YoY, compared with about SAR 8.2 million for the same period a year ago.
During the nine-month period, operational profit amounted to SAR 753,922.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
