Saudi Arabia .. Extra shares rises 3.78% after the announcement of the initial financial results

The shares of the United Electronics Company “Extra” listed and traded in the Saudi market “Tadawul” by 3.78% in trading today, to trade at 93.40 riyals per share, after announcing its initial financial results.

The trading on Extra shares at that time came through 68.52 thousand shares with a value of trading 6.3 million riyals.

The highest price for the share was at that time at 93.40 riyals, while the lowest price was at 91.10 riyals per share.

The increase in the share of the United Electronics Company “Extra” came after the announcement of the initial financial results, which showed an increase in its net profit during the first quarter of 2025 by 10.12% compared to the same period last year.

The company reported that it achieved a net profit of 103.4 million riyals, compared to 93.9 million riyals in the same quarter of the previous year, while the net profit in the last quarter of 2024 amounted to 177.65 million riyals.

The company explained that the reason for the rise in the net profit is due to the growth of revenues, which contributed to increasing the total profit by 17.9% to reach 407.5 million riyals in the current quarter, compared to 345.7 million riyals in the same quarter of the previous year.

The company also witnessed an improvement in the profit margin by 1.6% during the current quarter compared to the same quarter of last year, to 23.4%. This improvement is due to the improvement of the sales and growth mix in the consumer financing sector, in addition to improving financing expenses in the retail sector as a result of collections from the inclusion of the United International Holding Company.

This positive performance was reflected in the net profit, which recorded 10.1%growth.

Sales and revenues increased by about 10.03% to 1.74 billion riyals, compared to 1.58 billion riyals in the same period in 2024.