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Saudi Elm profits rose 49% in the third quarter

Saudi Elm profits rose 49% in the third quarter

The company said in a statement to the stock exchange Saudi Arabia The increase was due to a 23.01 percent increase in revenues, which contributed to a 45.57 percent increase in total profit.

On the other hand, the statement indicated an increase in operating expenses by 35.57 percent and a decrease in non-operating revenues by 11.90 percent during the same period.

Net profit in the first nine months of the current year amounted to 1.329 billion riyals, compared to 1.029 billion riyals a year ago, an increase of 29 percent.



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