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The sporting profits of the Lagam sports company increased by 24.72% in the second quarter of 2019 compared to the same quarter of 2018 and profits increased by 23% in the first half.
The company's data on Tadawul on Sunday showed net profit up to 49.59 million NAS, compared with 39.76 million NAS for the second quarter of last year.
The company attributed the increase in net income to revenue growth due to higher member revenues, the opening of new centers and increased personal training revenues.
The company's profits for the first half of 2019 reached 89.19 million riyals, against 72.47 million riyals for the same period in 2018.
The company 's profits rose 21 percent in the first quarter of 2019 to 39.6 million riyals, compared with 32.71 million riyals for the same period last year.
For more business results
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