MBC Group Co. reported net profits before minority interest of SAR 69 million in 2023, compared to SAR 48 million a year before.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 3,488.73 | 3,703.90 | 6.2 % |
| Gross Income | 641.14 | 921.00 | 43.7 % |
| Operating Income | (174.06) | (87.31) | 49.8 % |
| Net Income | 34.97 | 69.00 | 97.3 % |
| Average Shares | 299.25 | 299.25 | - |
| EPS (Riyals) | 0.12 | 0.23 | 97.3 % |
MBC Group recorded higher revenue, supported by growth across all its income-generating activities.
The subscriber base of the Shahid platform increased by 40% year-on-year (YoY) to 3.98 million. The group witnessed growth in digital advertising revenue, supported by the growth of Shahid, which also narrowed losses in 2023.
The group does not have comparative figures, as the current reporting period begins from the date of establishment (April 20, 2023) until the end date of the period (December 31, 2023).
| Item | Q4 2022 | Q4 2023 | Change |
|---|
| Item | Q3 2023 | Q4 2023 | Change |
|---|
Shareholders' equity, after minority interest, reached SAR 3.77 billion as of Dec. 31, 2023.
Attached Documents
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