United Electronics Company (Extra) achieved 95.4% growth in profits for the third quarter of this year to reach 53.2 million riyals, compared to 27.23 million riyals during the same period of Last year.
According to Arabiya Net, the company's data showed that its net profits during the first nine months of this year amounted to 178.5 million riyals, compared to 133.53 million riyals during the same period of Last year, a growth rate of 33.7%.
The company attributed the increase in profits in the third quarter to the increase in sales by 18.3% compared to the same quarter of the previous year due to the increase in sales of all company departments, in addition to the increase in the revenues of Extra services. And consumer finance services revenues, which had the effect of increasing the gross profit by 21.3%, to record 225.3 million riyals, compared to 185.7 million riyals for the same quarter of last year.
She explained that the net profit of the United Financial Services Company amounted to 6 million riyals for the third quarter of the current year in exchange for losses estimated at 5.6 million riyals for the same quarter of the year. The past.
