Riyadh – Mubasher: The net losses after Zakat and tax of Saudi Ground Services Company shrank by 10.84% to SAR 136.71 million in the first nine months (9M) of 2022, compared to SAR 153.34 million in 9M-21.

During the January-September 2022 period, the revenues jumped by 26.28% year-on-year (YoY) to SAR 1.47 billion, versus SAR 1.16 billion, according to the interim income statements.

Meanwhile, the loss per share went down to SAR 0.73 in 9M-22 from SAR 0.82 in 9M-21.

In the third quarter (Q3) of 2022, the net losses after Zakat and tax amounted to SAR 50.85 million, higher by 16.93% than SAR 43.48 million in Q3-21.

The revenues widened by 31.95% YoY to SAR 555.09 million in Q3-22 from SAR 420.69 million.

On a quarterly basis, the net losses after Zakat and tax in Q3-22 plummeted by 23.93% from SAR 66.85 million in Q2-22, whereas the revenues grew by 11.98% from SAR 495.70 million.

In 6M-22, the Tadawul-listed firm suffered net losses after Zakat and tax worth SAR 85.86 million, an annual plunge of 21.84% from SAR 109.85 million.