Riyadh – Mubasher: Halwani Bros Company recorded a net profit after Zakat and tax worth SAR 65.68 million during the nine-month period that ended in September 2021, down 19% year-on-year (YoY) from SAR 81.39 million.
Earnings per share stood at SAR 1.86 at the end of September 2021, compared to SAR 2.3 in the same period last year, according to the financial results on Sunday.
Sales declined by 2.6% YoY to SAR 792.1 million in January-September 2021 from SAR 813.74 million.
During the third quarter (Q3) of 2021, Halwani Bros achieved net profits worth SAR 14.04 million, a YoY decrease of 43.9% from SAR 25.04 million.
Sales shrank by 7.5% to SAR 236.9 million in Q3-21 from SAR 256.21 million in Q3-20.
On a quarterly basis, the net profits in Q3-21 were 46.4% lower than SAR 26.24 million in Q2-21 and the sales declined by 11.8% from SAR 268.62 million.
