NADEC profits down 36% in Q3

NADEC profits down 36% in Q3
Profits reached SAR 17.3 million in Q3-17
NADEC 6010 1.31% 33.33 0.43

Riyadh - Mubasher: National Agricultural Development Company (NADEC) reported a decline in profits for the third quarter of 2017 by 39.5% year-on-year, and by 33.1% quarter-on-quarter, according to a bourse filing.

Profits reached SAR 17.3 million in Q3-17, compared to SAR 28.7 million in the same period last year, and SAR 25.9 million in the previous quarter, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

In the nine-month period that ended 30 September 2017, profits fell 46% to SAR 47.6 million, down from SAR 87.97 million in the corresponding period in the year before.

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Source: Mubasher

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