Riyadh – Mubasher: BinDawood Holding Company achieved net profits after Zakat and tax worth SAR 70.24 million in the third quarter (Q3) of 2021, down by 10.6% year-on-year (YoY) from SAR 78.65 million.

Revenues inched down 0.4% to SAR 1.07 billion in Q3-21 from SAR 1.08 billion, according to the initial financial results on Tuesday.

On a quarterly basis, the net profits in Q3-21 were 26% lower than SAR 94.98 million in Q2-21, and the revenues decreased by 4% from SAR 1.12 billion.

During the first nine months of 2021, BinDawood posted a YoY plunge of 41.7% in net profits to SAR 227.34 million from SAR 390.32 million.

Earnings per share went down to SAR 1.99 at the end of September 2021 from SAR 3.42 in the same period last year.

Revenues declined by 17.7% YoY to SAR 3.32 billion in January-September 2021 from SAR 4.04 billion.