Riyadh – Mubasher: Alandalus Property Company’s net profits after Zakat and tax went up 4.37% to SAR 19.79 million in the first quarter (Q1) of 2022, versus SAR 18.96 million in Q1-21.
Revenues stood at SAR 53.29 million during the first three months (3M) of 2022, an annual jump of 5.44% from SAR 50.54 million, according to a bourse disclosure on Thursday.
In January-March 2022 period, the earnings per share (EPS) went up to SAR 0.21 from SAR 0.20 during the same period a year earlier.
On a quarterly basis, the revenues in Q1-22 declined by 4.90 % from SAR 56.04 million in Q4-21, while the net profits leaped by 89.92% from SAR 10.42 million.
In the first nine months (9M) of 2021, Alandalus Property achieved net profits after Zakat and tax worth SAR 57.55 million, a hike of 547% from SAR 8.89 million in 9M-20.
