Riyadh – Mubasher: The National Industrialization Company (Tasnee) achieved net profits after Zakat and tax of SAR 1.017 billion in the first nine months of 2021, versus net losses of SAR 274.3 million in the year-ago period. 

Earnings per share stood at SAR 1.52 in the January-September period, compared to a loss per share of SAR 0.41 in the same period in 2020, the company said in a bourse filing on Thursday. 

The revenues surged to SAR 2.51 billion in the period ended 30 September from SAR 1.66 billion in the prior-year period. 

As for the third quarter (Q3) of 2021, Tasnee turned to net profits of SAR 333.4 million, against net losses of SAR 42.3 million in Q3-20. 

The revenues hiked to SAR 1.004 billion in Q3-21 from SAR 573 million in Q3-20. 

During the first half (H1) of 2021, the company achieved net profits after Zakat and tax of SAR 684.3 million, against net losses of SAR 232 million in the year-ago period.