Riyadh – Mubasher: L’azurde disclosed its condensed consolidated interim financial results for the third quarter of 2019.
Net profits after zakat and tax slid by 93.6% to SAR 235,000 in Q3-19, compared to SAR 3.7 million in Q3-18, according to a bourse filing on Monday.
Total revenues advanced by 11% year-on-year to SAR 109.3 million during the three-month period ended September.
During the nine-month period between January and September, net profits L’azurde jumped by 38.5% to SAR 24.35 million, from SAR 17.5 million in the same period last year.
Year-on-year, revenues advanced by 29% to SAR 395 million by the end of September.
Profit per share recorded SAR 0.57 in nine months, compared to SAR 0.41 in the corresponding period of 2018.
