Money and business
“Sophisticated” profits jump 98.3% to 295 million riyals in 2024
The profits of the Saudi advanced (advanced) industries company in 2024 jumped 98.3% to 295 million riyals, compared to 148.8 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net profit during this year compared to the previous year is due to the rise in revenues despite:
• High financing costs.
• High public and administrative expenses.
• The high estimated zakat.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net profit during this year compared to the previous year is due to the rise in revenues despite:
• High financing costs.
• High public and administrative expenses.
• The high estimated zakat.
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