Financial Results : Nayifat Q1 2024 profit dips 47% to SAR 17.2M

Nayifat Q1 2024 profit dips 47% to SAR 17.2M

07/05/2024 Argaam Exclusive

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Nayifat Finance Co. reported a net profit of SAR 17.2 million in Q1 2024, a 47% decline from SAR 32.5 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Net income from finance commissions 67.90 49.20 (27.5 %)
Net Income 32.45 17.18 (47.1 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 0.27 0.14 (47.1 %)

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