PHOTO
Image used for illustrative purpose Investors monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.
Arabian Internet and Communications Services Company (solutions) SAR 1.27 billion in the first nine months (9M) of 2024, higher by 23.30% than SAR 1.03 billion in 9M-23.
The revenues amounted to SAR 8.33 billion as of 30 September 2024, marking a 1.97% year-on-year (YoY) rise from SAR 8.17 billion, according to the initial financial statements.
Earnings per share (EPS) climbed to SAR 10.67 in 9M-24 from SAR 8.66 in the year-ago period.
Financials for Q3-24
In the third quarter (Q3) of 2024, the telecom company recorded a 19.63% surge in net profit to SAR 463 million, compared to SAR 387 million in Q3-23.
Revenues dropped by 1.50% to SAR 2.75 billion in Q3-24 from SAR 2.79 billion a year earlier.
Quarter on quarter (QoQ), the Q3-24 net profits grew by 2.20% from the SAR 453 million generated in Q2-24, while the revenues inched down by 0.64% from SAR 2.77 billion.
All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).
