Riyadh – Mubasher: Al Kathiri Holding Company reported a 101.5% year-on-year hike in its profits for the first quarter of 2019.

Net profits after zakat and tax recorded SARA 4.57 million in Q1-19, compared to SAR 2.26 million in Q1-18, according to a recent filing to the Saudi Stock Exchange (Tadawul).

Revenues surged 89.1% to SAR 26.09 million during the first three months of 2019, from SAR 13.79 million in the same period of the prior year.

Earnings per share (EPS) stood at SAR 1.21  by the end of March, versus SAR 0.72 in the year-ago period.