Riyadh – Mubasher: Saudi Research and Media Group registered net profits after Zakat and tax worth SAR 431 million in the first nine months of 2021, a surge of 99% from SAR 216.5 million in the corresponding period a year ago.
Earnings per share stood at SAR 5.39 at the end of September 2021, compared to SAR 2.71 in the same period last year, according to the initial financial results on Tuesday.
The year-on-year (YoY) increase in net profits was attributed to a 29.7% growth in revenues to SAR 2.11 billion in January-September 2021 from SAR 1.62 billion in the year-ago period.
During the third quarter (Q3) of 2021, Saudi Research achieved higher profits by 167.8% YoY at SAR 204.9 million from SAR 76.5 million in Q3-20.
Revenues soared by 41% YoY to SAR 813.9 million in Q3-21 from SAR 577.1 million in Q3-20.
On a quarterly basis, the net profits in Q3-21 were 52% higher than SAR 134.6 million in Q2-21, and the revenues rose by 15.8% from SAR 702.7 million.
