Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) reported a 38.1% year-on-year (YoY) decline in profits during the third quarter (Q3) of 2020 at SAR 910,000 due to higher operating expenses.
Revenues inched down by 0.95% YoY in the three-month period ended on 30 September to reach SAR 28.09 million, according to a bourse disclosure on Sunday.
During the first nine months of the year, the profits leapt by 149.2% yearly to stand at SAR 9.17 million.
