National Building and Marketing Co. reported a net profit after zakat and tax of SAR 19.77 million for the first 9 months of 2019, 1.8% year-on-year (YoY) decrease driven by higher financing costs and increased general expenses.
|Gross Income||23.08||27.23||18.0 %|
|Operating Income||18.39||23.23||26.3 %|
|Net Income||20.13||19.77||(1.8 %)|
|EPS (Riyal)||3.35||3.30||(1.8 %)|
The company’s net profit after zakat and tax for Q3 2019 increased 46.5% YoY to SAR 11.2 million, due to higher sales revenue.
On a sequential basis, Q3 2019 net profit more than doubled.