Scientific & Medical Equipment logs 142% YoY higher profit in 2023

A Saudi trader casts a shadow as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Ahmed Yosri, Reuters Image used for illustrative purpose
Reuters Images

Revenues reached SAR 799.30 million last year, up 11.98% YoY from SAR 713.80 million

Staff Writer, Mubasher

March 26, 2024

PHOTO
A Saudi trader casts a shadow as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Ahmed Yosri, Reuters Image used for illustrative purpose

Scientific & Medical Equipment House Company posted a 142.31% year-on-year (YoY) surge in consolidated net profit to SAR 37.80 million in 2023 from SAR 15.60 million.

Revenues reached SAR 799.30 million last year, up 11.98% YoY from SAR 713.80 million, according to the annual financial results.

The earnings per share (EPS) jumped to SAR 1.34 in 2023 from SAR 0.59 in 2022.

Scientific & Medical Equipment House reported a net profit of SAR 24.90 million In the first nine months (9M) of 2023.

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