Sunday, 16 March 2025

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.

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

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