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Earnings per share stood at SAR 3.12 at the end of September 2021, versus a loss per share of SAR 0.19 in the corresponding period in 2020, according to the financial results on Wednesday.
Revenues surged by 85.6% to SAR 6.89 billion in the January-September 2021 period, compared to SAR 3.71 billion in the nine-month period a year earlier.
During the third quarter (Q3) of 2021, Sipchem reported a leap of 10,195% in net profits to SAR 1.02 billion from SAR 10 million in Q3-20.
Revenues also jumped by 83.9% to SAR 2.5 billion in Q3-21 from SAR 1.36 billion in Q3-20.
On a quarterly basis, the net profits in Q3-21 were 24% higher than SAR 829.9 million in Q2-21, and the revenues increased by 6% from SAR 2.36 billion.
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