Mubasher TV
Contact Us Advertising   العربية

Al-Samaani profit slips 25% in Q3

Al-Samaani profit slips 25% in Q3
Net profit reached to SAR 862,000 million during the three-month period ended September
Default Company
1832.O
0.00% 0.00 0.00

Riyadh – Mubasher: Al-Samaani Factory for Metal Industries on Sunday reported a 24.51% year-on-year drop in net profits for the third quarter of 2018.

Net profit reached to SAR 862,000 million during the three-month period ended September, versus SAR 1.142 million in Q3-17, according to a statement to the Saudi Stock Exchange (Tadawul).

Revenues amounted to SAR 9.262 million in Q3-18, 12.95% down from SAR 10.641 million in the year-ago period.

In the first nine months of 2018, the company logged SAR 3.212 million in net profit after zakat and tax.

Moreover, sales stood at SAR 31.877 million for the January-September period of this year.

The company also reported an earning per share (eps) of SAR 2.14 at the end of September.

The Saudi company previously posted a 22.9% decrease in net profits for Q2-18, recording SAR 833,140 during Q2-18, down from SAR 1.08 million in Q2-17.

Quarter-on-quarter, Al Samaani’s profits tumbled 45.1% during the three-month period ended June, from SAR 1.52 million.