‎“Mrna” profits decreased by 20% to 7.9 million riyals during Q3‎

The net profit after zakat and tax for Mrna Murabaha Finance Company decreased to 7.9 million riyals during the third quarter, compared to 9.9 million riyals in the same quarter of last year, by 20%. This came after today’s announcement of the preliminary financial results for the period ending on September 30. 2023 (9 months).

Operating profit reached 8.6 million riyals in the third quarter, compared to 12.3 million riyals in the same quarter of the previous year, a decline of 30%.

Net profit after zakat and tax in the 9-month period amounted to 36.44 million riyals, compared to 36.3 million riyals in the same period last year, with a growth of 0.4%.

The net profit after zakat and tax for the Mrna Murabaha Finance Company decreased to 7.9 million riyals during the third quarter, compared to 9.9 million riyals in the same quarter of last year, by 20%. This came after today’s announcement of the preliminary financial results for the period ending on September 30. 2023 (9 months).

Operating profit reached 8.6 million riyals in the third quarter, compared to 12.3 million riyals in the same quarter of the previous year, a decline of 30%.

Net profit after zakat and tax in the 9-month period amounted to 36.44 million riyals, compared to 36.3 million riyals in the same period last year, with a growth of 0.4%.