Leejam Sports Company (Fitness Time) achieved profits of 50.89 million riyals in the second quarter of 2021, compared to losses of 91 million riyals during the corresponding period last year.
According to Arabiya Net, the company said, in a statement, that total revenues during that period grew 810.796% to 221.87 million riyals, compared to 24.36 million riyals during the corresponding period of the year. past.
The company added that the increase in revenues was partially offset by an increase in the cost of revenues by 49.11 million riyals, and a net increase in all other costs, including the cost of financing and zakat, by 6.50 million riyals. .
During the first half, the company recorded a net profit of 43.92 million riyals, compared to losses of 84.78 million riyals during the corresponding period last year.
On the other hand, the company said that its board of directors decided to distribute dividends for the first half of 2021 at 23.57 million riyals, and the share of the dividend is 0.45 riyals.
