Saudi Research and Media Group reported a 40.3% decline in net profit for the third quarter of 2024, down to 148.4 million riyals from 248.9 million riyals in the same quarter last year, following its preliminary financial results for the period ending September 30, 2024.
Operating profit fell by 38.7% to 163.4 million riyals in Q3, compared to 266.9 million riyals in the previous year. Over the nine-month period, net profit amounted to 316.7 million riyals, down 42.5% from 551.5 million riyals last year. Earnings per share dropped to 3.96 riyals from 6.89 riyals in the same period last year.
