Riyadh – Mubasher: The net profits after Zakat and tax of United Electronics Company (eXtra) jumped by 66.73% to SAR 89.1 million in the third quarter (Q3) of 2021 from SAR 53.44 million in the year-ago period.

Higher profits are attributed to a 12.1% rise in revenues to SAR 1.372 billion in Q3-21, compared to SAR 1.224 billion in the corresponding period of 2020, according to a bourse filing on Monday.

During the first nine months of 2021, the company reported SAR 270.8 million, up 51.7% from SAR 178.5 million in the same period of the earlier year.

The earnings per share (EPS) settled at SAR 4.51 in the January-September period of 2021, against SAR 2.98 in the year-ago period.

It is noteworthy to mention that during the first half (H1) of 2021, eXtra achieved net profits after Zakat and tax worth SAR 181.7 million, higher by 45% than SAR 125.06 million in H1-20.