Riyadh – Mubasher: Tourism Enterprise Company (Shams) reported a 63.5% decrease in its losses during the third quarter of 2019, recording SAR 273,226.
Revenues of the Saudi-based firm advanced by 7.4% to SAR 4 million in Q3-19, compared to SAR 3.7 million in the same quarter in 2018, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Thursday.
During the first nine months of 2019, Shams achieved SAR 1.22 million in profits, versus losses of SAR 4 million in the corresponding period of 2018.
The company generated SAR 10 million in revenues in the nine-month period ended September, 2.6% higher than SAR 9.97 million in the same period the year before.
Profit per share reached SAR 0.11 by the end of September, against a loss per share of SAR 0.4 in September 2018.
