Riyadh – Mubasher: Al Omran Industrial Trading Company reported its interim financial results for the second quarter of 2019.

Net profits after zakat and tax fell by 59.24% to SAR 1.19 million in Q2-19, compared to SAR 2.93 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

Revenues of the Saudi-based firm inched up by 1.6% year-on-year to SAR 37.85 million during the three-month period between April and June.

For the first half of 2019, net profits of Al Omran retreated by 59.26% to SAR 1.89 million, from SAR 4.64 million in H1-18.

The company generated SAR 61.4 million in revenues in H1-19, 3.4% up from SAR 59.42 million in the corresponding period of 2018.

Profit per share stood at SAR 0.32 by the end of June, versus SAR 0.78 in the same period of the prior year.