Riyadh – Mubasher: Aseer Trading, Tourism and Manufacturing posted a 32% drop in net profit for the third quarter of 2015 to SAR 22.5 million, compared with SAR 32.9 million in the year-ago period.

Net profit for the first nine months of 2015 amounted to SAR 148 million, down 1% year-on-year from SAR 150 million.

The profit decline in the third quarter was ascribed to lower investment revenues and higher expenses.