Riyadh – Mubasher: Baazeem Trading Co has reported a 42.1 year-on-year profit decline during the third quarter of the fiscal year 2019.

The company’s net profit after zakat and tax declined to SAR 3.1 million in Q3-19, compared to SAR 3.7 million in the year-ago period, according to a bourse statement released on Thursday.

Operational profit dropped 33.1% YoY to SAR 4.6 million in the three-month period ended 30 September.

In the first nine months of 2019, Baazeem’s net profit increased by 0.1% to SAR 15.49 million, from SAR 15.47 million the year before. Profit per share stabilised at SAR 1.53.

It is worth noting that the company submitted a request to be listed on the main market.

Baazeem’s net profit after zakat and tax inched up by 0.35% YoY to SAR 5.35 million in Q2-19.