Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) has turned to net profits after Zakat and tax worth SAR 6.18 million during the third quarter (Q3) of 2021, against losses of SAR 109.32 million in Q3-20.
Revenues surged by 68.6% to SAR 191.01 million in Q3-21 from SAR 113.23 million in Q3-20, according to the financial results on Sunday.
In the first nine months of 2021, the group registered net losses worth SAR 123.87 million, higher by 17.8% than SAR 105.15 million in the same period a year ago.
The loss per share widened to SAR 2.16 at the end of September 2021 from SAR 1.91 in the corresponding period in 2020.
Revenues soared by 10.9% to SAR 514.65 million in January-September 2021 period from SAR 463.86 million in the same nine months last year.
At the end of September this year, the accumulated losses totalled SAR 224.59 million, representing 34.55% of the SAR 650 million capital.
