Riyadh – Mubasher: Raoom Trading Company logged 65.48% higher net profits after Zakat and tax at SAR 36.43 million in the first nine months (9M) of 2023, versus SAR 22.01 million in 9M-22.
Revenues grew by 2.45% to SAR 100.60 million in 9M-23 from SAR 98.20 million in the same period a year earlier, according to the interim income statements.
Furthermore, the earnings per share (EPS) jumped to SAR 5.80 as of 30 September 2023 from SAR 3.50 during the corresponding period in 2022.
Financial Results for Q3-23
During the third quarter (Q3) of 2023, the firm posted net profits after Zakat and tax valued at SAR 8.74 million, marking a 51.26% year-on-year (YoY) rise from SAR 5.77 million.
The revenues hit SAR 32.13 million in the July-September 2023 period, down 3.10% from SAR 33.15 million in Q3-22.
On a quarterly basis, the Q3-23 net profits fell by 41.10% from SAR 14.84 million in April-June 2023, while the revenues increased by 5.57% from SAR 30.43 million.
