Leejam Sports reaches 50.9 million riyals of profits in the second quarter

Leejam Sports Company (Fitness Time) announced today, Sunday, its preliminary financial results for the second quarter of questyear, achieving profits of 50.89 million riyals, compared to losses of 91 million riyals during the corresponding period last year.

The company stated, in a statement to Tadawul Saudi Arabia that total revenues during that period grew 810.796% to 221.87 million riyals, up from 24.36 million riyals during the corresponding period last year.

The company added that the increase in revenues was partially offset by an increase in the cost of revenues of 49.11 million riyals and a net increase in all other costs, including the cost of financing and zakat, of 6. , 50 million riyals.

In the first half of the year, the company recorded a net profit of 43.92 million riyals, compared to losses of 84.78 million riyals in the corresponding period last year.

On the other hand, the company said that its board of directors has decided to distribute dividends for the first half of 2021 at 23.57 million riyals and the dividend share is 0.45 riyals.

Read More About: Business News