Riyadh – Mubasher: Kingdom Holding Company recorded net profits after Zakat and tax worth SAR 108.68 million during the third quarter (Q3) of 2021, against losses standing at SAR 87.02 million in Q3-20.

Revenues soared by 12.6% year-on-year (YoY) to SAR 338.27 million in Q3-21 from SAR 300.36 million, according to the initial financial results on Monday.

On a quarterly basis, the net profits in Q3-21 were 73.6% lower than SAR 412.24 million in Q2-21, and the revenues decreased by 19.7% from SAR 421.45 million.

During the first nine months of 2021, Kingdom Holding also turned to profitability worth SAR 611.99 million versus losses amounting to SAR 1.36 billion in January-September 2020.

Earnings per share stood at SAR 0.17 at the end of September 2021, versus a loss per share of SAR 0.37 in the same period last year.

Revenues increased YoY by 2% to SAR 934.61 million in the nine-month period in 2021 from SAR 912.79 million.