PHOTO
A Saudi trader monitors stocks at the Saudi stock market in Riyadh. FAISAL NASSER, Reuters
Saudi Automotive Services Company (SASCO) achieved net profits after Zakat and tax worth SAR 89.71 million in 2022, signalling an annual rise of 76.45% from SAR 50.84 million.
The earnings per share (EPS) increased to SAR 1.50 at the end of December 2022, compared to SAR 0.85 a year earlier.
SASCO registered SAR 7.85 billion in revenue during January-December 2022, higher by 93.33% than SAR 4.06 billion in the same period a year ago, according to the income results.
During the first nine months (9M) of 2022, the listed firm announced SAR 61.24 million worth of net profits, a growth of 72.51% from SAR 35.50 million in 9M-21.
Meanwhile, SASCO had noted that it would pay SAR 0.50 per share as a cash dividend for the third quarter (Q3) of 2022.
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