The profits of the Saudi Research and Media Group increased by 167.84% to reach 204.9 million riyals in the third quarter of 2021, compared to profits of 76.5 million riyals in the same quarter of the previous year.
According to Arabiya Net and on a quarterly basis, the company's profits increased by 52.2% in the third quarter, compared to profits of 134.6 million riyals in the second quarter of 2020.
The company said in a statement that the main reason for the increase in net profits for the current quarter compared to the same quarter of the previous year is the increase in gross profit, mainly as a result of an increase in revenues by 41%.
