Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) achieved net profits after Zakat and tax worth SAR 27.64 million during the first nine months of 2021, a year-on-year (YoY) jump of 317% from SAR 6.62 million.
Earnings per share went up to SAR 0.43 at the end of September 2021 from SAR 0.13 in the same period a year earlier, according to the initial financial results on Tuesday.
Revenues increased by 13.9% YoY to SAR 838.63 million in January-September 2021 from SAR 736.21 million.
At the end of September this year, the company’s accumulated losses amounted to SAR 147.66 million, representing 23.4% of the SAR 630 million capital.
In the third quarter (Q3) of 2021, Shaker Group recorded a YoY leap of 223.8% in net profits to SAR 12.33 million from SAR 3.8 million.
Revenues rose by 5% YoY to SAR 260.85 million in Q3-21 from SAR 247.46 million.
