Riyadh – Mubasher: Arabian Drilling posted a 0.24% rise in net profit after Zakat and tax to SAR 422 million during the first nine months (9M) of 2023, versus SAR 421 million a year earlier.
The listed firm achieved revenues amounting to SAR 2.49 billion in 9M-23, marking a 27.50% year-on-year (YoY) hike from SAR 1.95 billion, according to the interim income statements.
Earnings per share (EPS) hit SAR 4.74 in the January-September 2023 period, an annual decline from SAR 5.26.
Financial Results for Q3-23
During the third quarter (Q3) of 2023, Arabian Drilling registered net profits after Zakat and tax worth SAR 140 million, down 34.27% from SAR 213 million in Q3-22.
Revenues stood at SAR 920 million in Q3-23, higher by 31.05% YoY than SAR 702 million.
Quarter-on-quarter (QoQ), the Q3-23 profits remained unchanged in Q2-23, while the revenues increased by 16.31% from SAR 791 million.
