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

Net profits after zakat and tax surged by 201% to SAR 5.21 million in Q3-19, compared to SAR 1.73 million in Q3-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

Revenues of the Saudi-based company grew by 30% year-on-year to SAR 79.63 million during the three-month period between July and September.

For the first nine months of 2019, net profits of Thob Al Aseel rose by 28.4% to SAR 69.75 million, from SAR 54.32 million in the same period a year ago.

The company generates SAR 370.96 million in revenues by the end of September, up 23% from SAR 301.27 million in September 2018.

Profit per share stood at SAR 2.33 in nine months, compared to SAR 1.81 in the same period last year.