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Arabian Centres records 9% lower profits in 9M

Arabian Centres records 9% lower profits in 9M
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CENOMI CENTERS
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0.40% 20.14 0.08

Riyadh - Mubasher: Arabian Centres Company (ACC) registered a 9.04% decrease in net profits after Zakat and tax to SAR 327.2 million in the first nine months (9M) of fiscal year 2021/2022 from SAR 359.7 million in the year-ago period.

The company's revenues jumped by 7.67% year-on-year (YoY) to SAR 1.52 billion in 9M-21/22, compared to SAR 1.41 billion, according to a bourse filing on Thursday.

The earnings per share (EPS) settled at SAR 0.69 in 9M-21/22, against SAR 0.75 in the corresponding period of the earlier year.

It is noteworthy to mention that during the first six months (6M) of fiscal year 2021/2022, the net profits after zakat and tax of Arabian Centres Company (ACC) retreated by 17.827% to SAR 217.1 million from SAR 264.2 million in the same period of the earlier year.