Financial Results : Quara Finance 9M 2024 profit slips 28% to SAR 34.5M

Quara Finance 9M 2024 profit slips 28% to SAR 34.5M

03/11/2024 Argaam Exclusive

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Quara Finance Co. reported a net profit of SAR 34.5 million for the first nine months of 2024, a decline of 28% from SAR 48.1 million in the year-earlier period on an increase in write-offs and the decline in the recovered amounts, despite higher yields from the retail portfolio.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Net income from finance commissions 136.90 137.03 0.1 %
Net Income 48.16 34.59 (28.2 %)
Average Shares 30.00 30.00 -
EPS (Riyals) 1.61 1.15 (28.2 %)


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