Al-Aseel Posts 8.3% Rise in Q3 Profit to SAR 5.6 Million

Thoub Al-Aseel Co. announced on Thursday that the net profit increased 8.3% to 5.6 million riyals during the third quarter of 2024, compared to 5.1 million riyals in the same quarter last year. This came after the announcement today of the estimated financial results for the period ending Sep. 30, 2024 (9 months).

The operational profit decreased 2.2% to 9.8 million riyals in the third quarter, compared to 10 million riyals in the same quarter last year.

The profit per share in the current period reached 0.18 riyals, compared to 0.16 riyals in the same duration last year.

According to the Company, the reason for the increase in net profit for the current quarter of 2024 compared to the same quarter last year is due to the sales growth during the current quarter compared to the same quarter last year.