List of content
48.4500
Change
-0.7500
Change %
1.5244%
Open
49.2000
Close
49.1500
High
49.2000
Low
48.4000
Fitaihi says 2018 profits soar 1006% on lower expenses
2019-03-21 14:30:39 GMT
(Economies.com)
Fitaihi Holding company on Thursday posted a 1006% increase in net profit for the fiscal year ended on December 31, 2018.
The company generated SAR 7.8 million net profit, compared with SAR 702,100 net profit a year earlier.
Fitaihi attributed the profit rise to lower sale and distribution expenses by 18%, as well as a decrease in general and administrative expenses by 23%.
Fitaihi earlier posted a 96.7% decline in loss for the third quarter of 2018 to SAR 154,400, from net loss of SAR 4.6 million in the same period a year ago.
Financial results for the first nine months of 2018 showed SAR 14.97 million profit, compared with SAR 20.4 million net profit in the corresponding period of 2017.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1610
|
-0.0002
|
0.0189%
|
|
|
|
|
1.3751
|
-0.0018
|
0.1275%
|
|
|
|
Tadawul
|
11807.79
|
-43.89
|
0.37%
|
|
|
|
|
24.177
|
-0.298
|
1.220%
|
|
|
|
|
82.650
|
-2.277
|
2.681%
|
|
|
|
|
84.71
|
-1.70
|
1.97%
|
|
|
|
|
1798.630
|
-5.415
|
0.300%
|
|
News Today
2021-10-27 18:10:48 GMT
2021-10-27 15:00:18 GMT
2021-10-27 12:03:15 GMT
2021-10-27 08:32:45 GMT