“Ground Services” profits increased to 101.5 million riyals in the third quarter
The profits of the Saudi Ground Services Company increased "Ground services" In the third quarter of 2025, by 24.3% to 101.5 million riyals, compared to 81.7 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"This came despite the increase in revenues by 14.7 million riyals, or 2.2%, but the company was able to maintain the cost of revenues as a result of the company’s initiatives to enhance productivity and rationalize expenses, which led to an increase in net profit compared to the same quarter of the previous year.
She explained that despite the continuous efforts made by management in collection operations, the impairment losses on trade receivables improved by 16.8 million riyals. However, this positive impact was affected by a decrease in other profits by 10 million riyals compared to the same quarter of the previous year.
The company achieved an increase in net profit of 2.1% (2.1 million riyals), as net profit amounted to 101.5 million riyals during the current quarter, compared to a net profit of 99.4 million riyals for the previous quarter.
The main reason for the increase in profits is due to the company’s initiatives to enhance productivity and rationalize Expenses, which led to a decrease in the cost of revenues by 4.2% (23.2 million riyals) compared to the previous quarter.
Net financial profits increased by 1.4 million riyals, and the impairment loss in the value of trade receivables increased by 5.5 million riyals, compared to the previous quarter.
The company achieved an increase in net profit of 29.1%, an increase of 67.2 million riyals, to record a net profit of 298.5 million riyals. riyals during the current period (9 months), compared to a net profit of 231.3 million riyals for the similar period of the previous year.
This came despite the increase in revenues by 35.5 million riyals, or 1.8%, but the cost of revenues decreased by 15.2 million riyals, or 0.9%, as a result of the company’s initiatives to enhance productivity and rationalize expenses, which led to an increase in net profit compared to the similar period of the previous year.
She explained that despite Due to the continuous efforts made by management in collection operations, impairment losses on trade receivables improved by 52.8 million riyals, or 106.6%. However, this positive impact was affected by a decrease in other profits by 20.5 million riyals, or 38.7%, compared to the same period of the previous year.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
