Riyadh – Mubasher: Saudi Research and Media Group posted earnings after Zakat and tax worth SAR 527.80 million in the first nine months (9M) of 2022, higher by 22.46% year-on-year (YoY) than SAR 431 million.
The Saudi firm generated revenues worth SAR 2.69 billion in January-September 2022, up 27.57% to SAR 2.11 billion during the same period a year earlier, according to the interim income statements.
The earnings per share (EPS) stood at SAR 6.60 in 9M-22, compared to SAR 5.39 in 9M-21.
During the third quarter (Q3) of 2022, the company registered SAR 246.50 million in net profit after Zakat and tax, a growth of 20.30% from SAR 204.90 million in Q3-21.
Revenues soared by 23.20% to SAR 1 billion in Q3-22 from SAR 813.90 million in the year-ago period.
On a quarterly basis, the net profits after Zakat and tax in Q3-22 widened by 46.12% from SAR 168.70 million in Q2-22, while the revenues jumped by 10.53% from SAR 907.20 million.
In the first half (H1) of 2022, Saudi Research witnessed a 24.37% YoY surge in net profit after Zakat and tax to SAR 281.20 million, compared to SAR 226.10 million.
