Nahdi Q3 Profits Fall 14.3% to SAR 182.2 Million

Nahdi Medical Co. revealed on Wednesday a decline in net profit during the third quarter to 182.2 million riyals, compared to 212.8 million riyals in the same quarter last year by 14.3%, following the announcement today of the preliminary financial results for the period ending Sep. 30, 2024 (nine months).

Operating profit decreased by 23.4% to 175.8 million riyals in the third quarter, compared to 229.8 million riyals in the same quarter last year.

The company’s net profit also decreased by 8% during the 9-month duration to 662.9 million riyals, compared to 722.1 million riyals in the same duration last year.

Earnings per share in the current period reached 5.1 riyals, compared to 5.55 riyals in the same duration last year.