Arabian Centres Co. reported a net profit after zakat and tax of SAR 804.1 million for fiscal year ending March 31, 2019, up by 2.2 percent year-on-year (YoY), the company said in a bourse statement on Wednesday.
The increase is due to higher revenue, increased gross profit and lower general and administrative expenses (G&As), the statement added.
The company also cited the implementation of a yield and space optimization strategy.
FY2018/2019 sales stood at SAR 2.18 billion versus SAR 2.16 billion a year earlier.
Q4 2018/2019 bottom line rose around 7 percent YoY to SAR 255.7 million.
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