Riyadh- Mubasher: Saudi Research and Marketing Group on Sunday reported a 46.67% year-on-year rise in net profit during the third quarter of 2018, registering SAR 37.4 million, compared to SAR 25.5 million.

The company attributed the third-quarter profit increase a 39.8% rise in revenues, notably in the public relations sector, which led to a 72.6% growth in the company’s operating revenues, according to a filling to the Saudi Exchange Stock (Tadawul).

The Saudi Research’s revenues amounted to SAR 559.8 million in the July- September period of 2018, compared to SAR 400.5 million in the corresponding period last year, with a 39.8% increase.

The company's profits increased by 167.79% to SAE 134.7 million during the first nine months of 2018, compared to SAR 50.3 million in the same period a year earlier.

Total revenues amounted to SR 1,444.9 million in the nine-month period ended September, compared to SR 1,188.4 million for the same period last year, with an increase of 21.6%, the statement highlighted.

Saudi Research and Marketing Group’s net profits soared 292.3% to SAR 97.3 million in the first six months of 2018, from SAR 24.8 million during H1-17.