PHOTO
Investors talk as they monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh. Faisal Al Nasser
Jabal Omar Development Company turned profitable at SAR 52.32 million in the first half (H1) of 2024, against net losses valued at SAR 67.91 million in H1-23.
Earnings per share (EPS) hit SAR 0.05 as of 30 June 2024, versus a loss per share of SAR 0.06 in the year-ago period, according to the financial results.
The Saudi firm posted 57.86% year-on-year (YoY) higher revenues at SAR 1.21 billion, compared to SAR 771.54 million.
Financials for Q2-24
In the second quarter (Q2) of 2024, Jabal Omar registered net profits amounting to SAR 33.30 million, versus net losses worth SAR 79.84 million in the April-June 2023 period.
Revenues hiked by 37.55% YoY to SAR 625.12 million in Q2-24 from SAR 454.46 million.
Quarter-on-quarter (QoQ), the net profits in Q2-24 jumped by 75.07% from SAR 19.02 million in Q1-24, while the sales increased by 5.44% from SAR 592.85 million.
All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).