Riyadh – Mubasher: Seera Group Holding turned profitable during the third quarter of 2019, achieving net profits worth SAR 64 million.

Revenues levelled up by 4.39% to SAR 642 million in Q3-19, compared to SAR 615 million in Q3-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday.

Between January and September, Seera’s net profits reached SAR 180 million, against SAR 159 million in losses in the same period the year before.

The company generates SAR 1.59 billion in revenues in nine months, 8% down from SAR 1.7 billion in the corresponding period of FY 2018.

Profit per share stood at SAR 0.59 by the end of September, versus a loss per share of SAR 0.54 in the same period a year ago.