Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits after Zakat and tax valued at SAR 111.17 million in the first nine months (9M) of 2023, marking a 38.34% leap from SAR 80.36 million in 9M-22.
The earnings per share (EPS) increased to SAR 1.88 in 9M-23 from SAR 1.36 a year earlier, according to the initial income statements.
Revenues stood at SAR 124.97 million in the January-September 2023 period, up 36.59% year-on-year (YoY) from SAR 91.49 million.
Financials for Q3-23
In the third quarter (Q3) of 2023, the company registered SAR 38.94 million in net profit after Zakat and tax, higher by 76.20% than SAR 22.10 million in Q3-22.
The revenues enlarged by 77.24% to SAR 46.03 million during July-September 2023 from SAR 25.97 million a year earlier.
On a quarterly basis, the Q3-23 net profits retreated by 22.37% from SAR 50.16 million in April-June 2023, while the revenues dropped by 14.11% from SAR 53.59 million.
