Riyadh – Mubasher: National Gas and Industrialization Company (GASCO) posted a 6.8% year-on-year fall in its net profits for the third quarter of 2019, recording SAR 32.23 million.

Revenues of the Saudi-based firm levelled up by 2.8% to SAR 462.01 million in Q3-19, compared to SAR 449.05 million in Q3-18, according to a bourse filing on Sunday.

During the nine-month period between January and September, GASCO achieved SAR 151.8 million in profits, 46.9% higher than SAR 103.31 million in the same period last year.

Year-on-year, total revenues inched up by 0.3% to SAR 1.42 billion by the end of September.

Profit per share registered SAR 2.02 during the first nine months of 2019, from SAR 1.38 in the same period a year ago.