Riyadh – Mubasher: Kingdom Holding Company posted an annual plunge of 87.23% in net profit after Zakat and tax to SAR 856.17 million during the first nine months (9M) of 2023, compared to SAR 6.70 billion.
Revenues rose by 5.63% year-on-year (YoY) to SAR 1.97 billion in 9M-23 from SAR 1.86 billion, according to the income statements.
The earnings per share (EPS) stood at SAR 0.23 as of 30 September 2023, versus SAR 1.81 in the year-ago period.
Financial Results for Q3-23
In the third quarter (Q3) of 2023, the Saudi firm witnessed 10.25% higher net profits after Zakat and tax at SAR 391.17 million, compared to SAR 354.80 million in Q3-22.
The revenues hit SAR 608.18 million during July-September 2023, down 6.33% YoY from SAR 649.30 million.
On a quarterly basis, the Q3-23 profits hiked by 33.09% from SAR 293.92 million in Q2-23, while the revenues declined by 12.33% from SAR 693.70 million.
