Al Abdullatif Industrial’s losses shrink in Q3, 9M

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company suffered net losses after Zakat and tax worth SAR 10.59 million in the third quarter (Q3) of 2021, down by 12.6% from SAR 12.12 million in Q3-20.

Revenues increased by 52% to SAR 156.17 million in Q3-21 from SAR 102.56 million in Q3-20, according to the initial financial results on Monday.

During the first nine months of 2021, the company incurred losses worth SAR 9.95 million, lower by 69.7% than SAR 32.88 million in the same period last year.

The loss per share stood at SAR 0.12 at the end of September 2021, compared to SAR 0.4 in the prior-year period.

Revenues grew by 45% to SAR 461.18 million in January-September 2021 from SAR 317.77 million in the same nine months in 2020.

Mubasher Contribution Time: 08-Nov-2021 14:55 (GMT)
Mubasher Last Update Time: 08-Nov-2021 14:55 (GMT)