Kingdom Holding posts SAR 1.1bn net profits in 9M-24 - Mubasher Info

KINGDOM
4280 -1.15% 10.36 -0.12

Riyadh – Mubasher: The net profits of Kingdom Holding Company reached SAR 1.16 billion in the first nine months (9M) of 2024, marking a 36.35% year-on-year (YoY) surge from SAR 856.17 million.

The Saudi group posted revenues valued at SAR 1.82 billion in the January-September 2024 period, lower by 7.60% than SAR 1.97 billion in 9M-23, according to the interim financial statements.

Earnings per share (EPS) went up to SAR 0.32 in 9M-24 from SAR 0.23 a year earlier.

Financials for Q3-24

In the third quarter (Q3) of 2024, Kingdom Holding recorded an 11.27% decline in net profit to SAR 347.06 million, versus SAR 391.17 million a year earlier.

Revenues edged up by 0.63% to SAR 612.01 million during the three-month period that ended on 30 September 2024, compared to SAR 608.18 million.

Quarterly, the Q3-24 profits shrank by 44.39% from the SAR 624.20 million reported in Q2-24, while the revenues dropped by 5.47% from SAR 647.45 million.

Source: Mubasher Source: {{details.article.source}}