Gas Arabian Services Co. (GAS) reported a net profit of SAR 81 million for 9M 2024, a leap of 40% from SAR 57.7 million a year earlier.
Item | 9m 2023 | 9m 2024 | Change |
---|---|---|---|
Revenues | 534.06 | 769.26 | 44.0 % |
Gross Income | 102.86 | 151.99 | 47.8 % |
Operating Income | 58.69 | 81.62 | 39.1 % |
Net Income | 57.73 | 80.99 | 40.3 % |
Average Shares | 158.00 | 158.00 | - |
EPS (Riyals) | 0.37 | 0.51 | 40.3 % |
The profit growth was attributed to a 44% increase year-on-year (YoY) in revenues to SAR 769 million, as well as lower operating expenses.
Total shareholders’ equity, no minority interest, stood at SAR 370.7 million as of Sept. 30, 2024, up from SAR 337.26 million in the year-earlier period.
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