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.
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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