Riyadh – Mubasher: Ash-Sharqiyah Development Company posted a net loss after Zakat and tax of SAR 1.85 million in the first nine months (9M) of 2023, up by 6.63% year-on-year (YoY) from SAR 1.74 million in 9M-22.
The company’s loss per share declined to SAR 0.09 in 9M-23 from SAR 0.13 in 9M-22.
Income Statements for Q3-23
In the third quarter (Q3) of 2023, the Saudi firm shifted to net profits after Zakat and tax of SAR 175,820 from a net loss of SAR 758,601 in Q3-22.
On a quarterly basis, the company also swung to net profits in Q3-23 from a net loss of SAR 1.22 million in Q2-23.
In July 2023, Yasser Muhammad Nasser Al Jarallah became the Chairman of Ash-Sharqiyah Development for a three-year term.
