Saudi Tadawul Group’s net profit jumps 122% YoY in Q1-24

Revenues leapt 72.80% YoY to SAR 387.60 million in Q1-24 from SAR 224.30 million, according to the interim financial results

Staff Writer, Mubasher

May 5, 2024

PHOTO

The net profits of Saudi Tadawul Group Holding Company surged 121.91% year-on-year (YoY) to SAR 201.50 million in the first quarter (Q1) of 2024 from SAR 90.80 million.

Revenues leapt 72.80% YoY to SAR 387.60 million in Q1-24 from SAR 224.30 million, according to the interim financial results.

The earnings per share (EPS) hit SAR 1.68 in the three-month period that ended on 31 March 2024, from SAR 0.76 in the corresponding period a year earlier.

Quarter-on-quarter (QoQ), the company’s net profit jumped 119.49% in Q1-24 from SAR 91.80 million in Q4-23, while the revenues rose by 37.39% from SAR 282.10 million.

In 2023, Saudi Tadawul’s net profit went down by 8.12% YoY to SAR 390.10 million from SAR 424.60 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO