Riyadh – Mubasher: Saudi Printing and Packaging Company reported its interim financial results for the third quarter of 2019.
The company achieved SAR 2.71 million in profits in Q3-19, versus losses worth SAR 11.83 million in Q3-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Thursday.
Revenues decreased by 8.6% to SAR 252.51 in Q3-19, compared to SAR 276.34 million over the same quarter last year.
For the first nine months of 2019, the company suffered SAR 34 million in losses, 1.3% up from SAR 33.56 million in the corresponding period a year ago.
Total revenues of the Saudi firm plunged by 5.8% year-on-year to SAR 692.17 million in nine-months, from SAR 735.02 million in the same period the year before.
By the end of September, loss per share stood at SAR 0.57.
