Saudi Arabian Centres posts $55.46mln profits in Q2

Net profits after zakat and tax increased by 8.4%

  
A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

REUTERS/Faisal Al Nasser

Riyadh –Arabian Centres Company posted its interim financial results for the second quarter of 2019.

Net profits after zakat and tax increased by 8.4% to SAR 208.2 million in Q2-19, compared to SAR 191.9 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Sunday.

Revenues of the Saudi firm levelled up by 5.17% year-on-year to SAR 559.1 million during the three-month period ended September.

In six months, net profits of Arabian Centres rose by 59.4% to SAR 435.1 million, compared to SAR 272.9 million in H1-18.

The company generates SAR 1.13 billion in revenues during the six-month period ended September, up 3.8% from SAR 1.08 billion in the same period a year ago.

Profit per share stood at SAR 0.92 in H1-19, versus SAR 0.57 in H1-18.

It is worth noting that Arabian Centres’ fiscal year ends in March.

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.

More From Equities