Saudi Networkers Services Co. (SNS) reported an increase of 19% in H1 2024 net profit to SAR 19.7 million from SAR 16.5 million in the year-ago period.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 276.46 | 282.21 | 2.1 % |
Net Income | 16.55 | 19.73 | 19.3 % |
Average Shares | 6.00 | 6.00 | - |
EPS (Riyals) | 2.76 | 3.29 | 19.3 % |
The profit increase is driven by higher revenues, which rose to SAR 282.21 million compared to SAR 276.46 million in H1 2023— an increase of SAR 5.75 million or 2.08%.
The surge in revenue is due to improved commercial activities with the existing customers and the addition of new customers.
Gross profit increased by 16.97% (or SAR 5.47 million) to SAR 37.70 million, compared to SAR 32.23 million in H1 2023.
The operational profit stood at SAR 22.82 million, from SAR 18.74 million a year earlier.
Total shareholders’ equity, no minority interest, reached SAR 105.8 million as of June 30, 2024, compared to SAR 90.1 million a year earlier.
Historical Data |
|||
Period |
Revenue |
Net Profit |
EPS |
H1 2021 |
235.31 |
17.98 |
3.00 |
H2 2021 |
227.48 |
10.36 |
1.72 |
H1 2022 |
229.57 |
20.58 |
3.43 |
H2 2022 |
249.06 |
9.51 |
1.58 |
H1 2023 |
276.46 |
16.55 |
2.76 |
H2 2023 |
278.19 |
20.01 |
3.33 |
H1 2024 |
282.21 |
19.73 |
3.29 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}