Fitaihi Holding moves to profits in Q3

Riyadh – Mubasher: Fitaihi Holding Group recorded SAR 2.18 million in profits during the third quarter of 2019, versus SAR 154,438 in losses in the same quarter of 2018.

Revenues inched up by 1.3% to SAR 26.08 million in Q3-19, compared to SAR 25.7 million in Q3-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Monday.

For the first nine months of 2019, Fitaihi’s net profits rose by 1.4% to SAR 15.19 million, from SAR 14.97 million in the same period of 2018.

On a yearly basis, revenues of the Saudi-based firm fell by 12.89% to SAR 98.3 million during the three-month period between January and September.

By the end of September, profit per share recorded SAR 0.28, from SAR 0.27 in September 2018.

Mubasher Contribution Time: 04-Nov-2019 10:05 (GMT)
Mubasher Last Update Time: 04-Nov-2019 10:05 (GMT)