Riyadh – Mubasher: Saudi Research and Marketing Group posted 10.1% higher net profits in the third quarter (Q3) of the year at SAR 76.5 million.

The rise in quarterly earnings was backed by a growth in operating profit as selling, marketing, general, and administrative expenses slumped, according to a bourse disclosure on Monday.

Revenue for the three-month period ended in September plunged by 18.2% on an annual basis to SAR 578.3 million.

Over the first nine months of the year, the company’s profits slid by 7.9% yearly to SAR 2.2 billion.