Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) suffered SAR 1.3 million in losses during the third quarter of 2019, versus SAR 3.13 million in profits in the same quarter of 2018.
Revenues of the Saudi firm rose by 2.8% to SAR 19 million in Q3-19, compared to SAR 18.5 million in Q3-18, according to a bourse statement on Thursday.
For the first nine months of 2019, Jazadco incurred SAR 8.3 million in losses, against profits of SAR 41.36 million in the same period last year.
On a yearly basis, revenues jumped by 18.5% to SAR 49 million during the nine-month period ended September.
By the end of September, loss per share reached SAR 0.17, versus a profit per share of SAR 0.08 in September 2018.
