Arab Sea Information Systems Co. posted a net profit after zakat and tax of SAR 3.62 million for the first nine months of 2019, a rise of 19.1 percent year-on-year (YoY) backed by a 29.7 percent rise in net operating income.
|Gross Income||16.12||12.89||(20.1 %)|
|Operating Income||2.36||3.07||29.7 %|
|Net Income||3.04||3.62||19.1 %|
|EPS (Riyal)||0.30||0.36||19.1 %|
Q3 net profit after zakat and tax plummeted 60.2 percent YoY to SAR 446,686 on lower revenue and higher cost of goods sold.
When compared to the previous quarter, net profit plunged 85.3 percent due to lower revenue.