Riyadh – Mubasher: Arabian Centres Company posted its interim financial results for the second quarter of 2019.
Net profits after zakat and tax increased by 8.4% to SAR 208.2 million in Q2-19, compared to SAR 191.9 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Sunday.
Revenues of the Saudi firm levelled up by 5.17% year-on-year to SAR 559.1 million during the three-month period ended September.
In six months, net profits of Arabian Centres rose by 59.4% to SAR 435.1 million, compared to SAR 272.9 million in H1-18.
The company generates SAR 1.13 billion in revenues during the six-month period ended September, up 3.8% from SAR 1.08 billion in the same period a year ago.
Profit per share stood at SAR 0.92 in H1-19, versus SAR 0.57 in H1-18.
It is worth noting that Arabian Centres’ fiscal year ends in March.
