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eXtra Q3 profit rises 18.4% on stronger sales

2018-10-08 14:34:24 GMT (Economies.com)
 

United Electronics Co. (eXtra) posted its financial results today, showing that profits rose by 18.39% year-on-year during the third quarter ended on 31 September, 2018.

Q3 profit netted SAR 30.9 million, a rise from SAR 26.1 million in the year-ago period, said the retail chain operator in a filing to Tadauwl.

The company’s operating profit reached SAR 34.1 million, compared with SAR 28.1 million in the same period a year ago.

The rise in the third-quarter earnings was spurred by an increase in sales volume.

Net profit for the nine-month period ended on 31 September, 2018 amounted to SAR 98.1 million, up 18.9%  from SAR 82.5 million in the corresponding period in 2017.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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