Riyadh – Mubasher: Al Hammadi Company for Development and Investment on Tuesday posted a net profit of SAR 21.47 million ($5.72 million) for the third quarter of fiscal 2016, down 22.46% from SAR 27.69 million ($7.38 million) in Q3-15.
Gross profit for Q3-16 declined 0.78% to SAR 57.52 million from SAR 57.97 million in the year-ago period, according to a bourse filing.
Operational profit also fell 14.63% in Q3-15 to SAR 27.25 million, compared to SAR 31.92 million for Q3-15.
Net profit for the first nine months of 2016 slid 39.43% to SAR 63.95 million from SAR 105.58 million for the same period of 2015.
Operational profit for the January-September period fell 29.26% to SAR 79.92 million from SAR 112.97 million for the corresponding period last year.
Earnings per share for the nine-month period amounted to SAR 0.53, compared to SAR 0.88 for the same period of 2015.
