Gas Arabian Services profit dips 18%

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March 12, 2022 6:47 pm
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  • The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing
  • Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends

Gas Arabian Services Co. has posted an eighteen percent decline in net profit to $16 million for 2021 due to higher revenue costs.

The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing.

Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends.

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