Baazeem’s quarterly profit fell 14.5% to 4.2 million riyals

The profits of Baazeem Trading Company, net of zakat and taxes, decreased by 14.52% in the third quarter of 2021, to 4.18 million riyals, compared to a net profit of approximately 4.89 million riyals in the same quarter of 2020.

On a quarterly basis, Baazeem Commercial’s net profit decreased 14.8% in the third quarter of 2021, compared to a net profit of approximately 4.91 million riyals in the second quarter of 2020.

The company stated in a statement to “Tadawul Saudi” today Wednesday that the decline in its profits in the third quarter of questyear, on an annual basis, was due to a 9.8% drop in sales to 59.52 million riyals.

During the first nine months of quest’year, Baazeem’s profits fell 7.4% to 18.87 million riyals, compared to profits of about 20.38 million riyals in the same period last year.

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