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Thob Al Aseel announces interim financials for H1

Thob Al Aseel announces interim financials for H1
Net profits after zakat and tax increased to SAR 48.34 million in Q2-19
ALASEEL
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13.41% 4.82 0.57

Riyadh – Mubasher: Thob Al Aseel Company revealed its interim financial results for the second quarter of 2019.

Net profits after zakat and tax increased by 25.7% to SAR 48.34 million in Q2-19, compared to SAR 38.43 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday.

Revenues of the Saudi-based company grew by 20.6% to SAR 190.14 million during the period between April and June, from SAR 157.61 million in the same period of the prior year.

For the first half of 2019, Thob Al Aseel posted a 22.7% year-on-year hike in profits, recording SAR 64.54 million.

Revenues levelled up by 21.3% to SAR 291.32 million by the end of June, against SAR 240.08 million in the corresponding period last year.

Profit per share stood at SAR 2.15 in H1-19, versus SAR 1.75 in H1-18.