The profits of the Saudi "Lobarf" jumped by 92.3% on an annual basis in the third quarter to 536.2 million riyals, below expectations. The increase supported a 28.7% growth in revenues on an annual basis during the period to 2.77 billion riyals, which was lower than the expectations of 2.85 billion. The company attributed the increase in its revenues, despite the decrease in sales, to the improvement in prices and its readiness for disruptions in the supply chain.

The profits of the Saudi "Lobarf" jumped by 92.3% on an annual basis in the third quarter to 536.2 million riyals, below expectations. The increase supported a 28.7% growth in revenues on an annual basis during the period to 2.77 billion riyals, which was lower than the expectations of 2.85 billion. The company attributed the increase in its revenues, despite the decrease in sales, to the improvement in prices and its readiness for disruptions in the supply chain.