Balady Q3 Profits Increase 17% to SAR 28 Million

Balady Poultry Co. revealed on Monday that net profits increased 17% during the third quarter to 28 million riyals, compared to 23.9 million riyals in the same quarter last year, following the announcement today of the preliminary financial results for the period ending Sep. 30, 2024 (nine months).

The operational profit increased 28% to 27.5 million riyals in the third quarter, compared to 21.5 million riyals in the same quarter last year.

The company’s net profit during the 9-month duration increased 55.7% to 99.9 million riyals, compared to 64.2 million riyals in the same duration last year.

The profits per share in the current period reached 15.21 riyals, compared to 9.77 riyals in the same duration last year.