Riyadh – Mubasher: The net losses after Zakat and tax of Ayyan Investment Company amounted to SAR 144.32 million in the first nine months (9M) of 2023, versus SAR 14.83 million in 9M-22.
Revenues hiked by 14.30% to SAR 239.56 million as of 30 September 2023 from SAR 209.59 million a year earlier, according to the initial financial results.
The loss per share stood at SAR 1.79 in 9M-23, up year-on-year (YoY) from SAR 0.19.
Financials for Q3-23
In the third quarter (Q3) of 2023, the net losses after Zakat and tax increased by 235.25% to SAR 56.33 million from SAR 16.80 million a year earlier.
The revenues hit SAR 93.88 million in July-September 2023, marking a 37.80% YoY rise from SAR 68.13 million.
On a quarterly basis, the Q3-23 losses enlarged by 36.52% from SAR 41.26 million in Q2-23, while the revenues jumped by 22.74% from SAR 76.48 million.
Accumulated Losses
The accumulated losses amounted to SAR 186.14 million as of 30 September 2023, accounting for 23.10% of the SAR 806.36 million capital.
