Riyadh –  Herfy Food Services Company disclosed its interim financial results for the third quarter of 2019.

Net profits after zakat and tax inched down by 0.97% to SAR 57.54 million in Q3-19, from SAR 58.1 million in Q3-18, according to a bourse filing on Sunday.

Total revenues of the Saudi firm increased by 3% year-on-year to SAR 339.08 million during the three-month period between July and September.

For the first nine months of 2019, net profits of Herfy Food declined by 3.48% to SAR 146.45 million, from SAR 151.74 million in the same period a year ago.

Meanwhile, revenues rose by 6.6% to SAR 96.7 million by the end of September, versus SAR 902.07 million in the same period last year.

Profit per share registered SAR 2.26 in nine months, from SAR 2.35 in the corresponding period in the prior fiscal year.

Source: Mubasher

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