By: Thabet Shehata
Riyadh – Mubasher: A handful of Tadawul-listed companies have recorded over a billion riyals in profits during the second quarter of 2019.
Total profits of five Tadawul-listed companies declined by 19.78% to SAR 11.73 billion in Q2-19, compared to SAR 14.6 billion in the year-ago period, according to data compiled by Mubasher.
The Saudi Telecom Company (STC) led those companies, reporting SAR 2.8 billion net profits after zakat and tax in Q2-19.
In the first six months of 2019, a list of nine Tadawul-listed companies reported an 11% year-on-year profit decline, registering SAR 31.45 billion.
STC also topped this list, with the company’s profit in H1-19 reaching SAR 5.59 billion.
Translated by: Muhammad Abdul-Wakeel
