Saudi Hotels and Resort Areas Co. (SHARCO) released on Thursday interim financial results for the nine-month period ending on Sept. 30, 2014.
Q3 net earnings reached SAR 36,616 thousand, rising 37.62% year-on-year from SAR 26,606 thousand but declining 22.16% quarter-on-quarter from SAR 47,042 thousand.
The nine-month net profit reached SAR 129,425 thousand, compared with SAR 105,859 thousand, an increase of 22.26%.
The earnings per share grew from SAR 1.06 to SAR 1.29.