Financial Results : SHL profit soars 89% to SAR 4.6M in Q1 2024

SHL profit soars 89% to SAR 4.6M in Q1 2024

07/05/2024 Argaam Exclusive

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SHL Finance Co. posted a net profit surge of 89% to SAR 4.6 million in the first quarter of 2024, from SAR 2.4 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Net income from finance commissions 27.80 33.77 21.5 %
Net Income 2.45 4.61 88.6 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.02 0.05 88.6 %

Shareholders’ equity, no minority interest, decreased to SAR 1.66 billion as of March 31, 2024, from SAR 1.71 billion a year earlier.

 

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