Riyadh – Mubasher: Saudi Marketing Company announced its interim financial statements for the second quarter of 2019.

The company turned profitable with SAR 3.7 million in Q2-19, against losses of SAR 11.26 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

Total revenues inched up 0.4% year-on-year to SAR 402.5 million during the three-month period ended June.

For the first half of 2019, the company’s net profits fell by 51.2% to SAR 1.17 million, compared to SAR 2.4 million in H1-18.

Saudi Marketing’s revenues rose by 2.1% to SAR 791.9 million during the first six months of 2019, from SAR 775.3 million in the same period of the prior year.

By the end of June, profit per share reached SAR 0.03, compared to SAR 0.05 in the corresponding period last year.