Riyadh – Mubasher: Dur Hospitality Company posted a 0.05% year-on-year decline in its profits for the third quarter of 2019, recording SAR 15 million.
Revenues of the Saudi firm increased by 25.2% to SAR 139.1 million in Q3-19, compared to SAR 111.09 million in Q3-18, according to the company’s recent statement to the Saudi Stock Exchange (Tadawul).
During the period between January and September, net profits of the Saudi hospitality firm fell by 39.8% to SAR 28.5 million, versus SAR 47.4 million in the same period of the prior year.
Dur generated SAR 380 million in revenues in nine months, 11% higher than SAR 341 million in the same period last year.
By the end of September, profit per share recorded SAR 0.29, compared to SAR 0.47 in September 2018.
