Retal Q3 Profits Rise 19.7% to SAR 40 million

Retal Urban Development Company’s net profit grew during the third quarter to 40 million riyals, compared to 33.4 million riyals in the same quarter last year by 19.7%, following the announcement today of the preliminary financial results for the period ending Sep. 30, 2024 (nine months).

Operational profit increased 29.4% to 72.8 million riyals in the third quarter, compared to 56.2 million riyals in the same quarter last year.

The company’s net profit during the 9-month duration increased 19.5% to 174.4 million riyals, compared to 145.9 million riyals in the same duration last year.

Earnings per share in the current duration reached 0.35 riyals, compared to 0.29 riyals in the same duration last year.