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Arabian Centres' net profits decline 18% in H1-21/22

Arabian Centres' net profits decline 18% in H1-21/22
The company's revenues rose by 7.122% to SAR 1.007 billion
ALMRAKEZ
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-0.72% 19.38 -0.14

Riyadh - Mubasher: The net profits after zakat and tax of Arabian Centres Company (ACC) retreated by 17.827% to SAR 217.1 million during the first six months of fiscal year 2021/2022 from SAR 264.2 million in the same period of the earlier year.

The company's revenues rose by 7.122% to SAR 1.007 billion in the first half (H1) of 2021/2022 from SAR 940.7 million in the year-ago period.

The earnings per share (EPS) settled at SAR 0.46 in the first six months of fiscal year 2021/2022, versus SAR 0.55 in the corresponding period of the previous year.

In the second quarter (Q2) of 2021/2022, the company's net profits decreased by 18.27% year-on-year (YoY) to SAR 90.8 million from SAR 111.1 million.

It is noteworthy to mention that during the first quarter (Q1) of fiscal year 2021/2022, the company reported net profits after zakat and tax of SAR 126.3 million, down 17.5% from SAR 153.1 million in the year-ago period.