Riyadh – Mubasher: The net profit after Zakat and tax of Lumi Rental Company, a subsidiary of Seera Group Holding, increased by 31.67% to reach SAR 134.99 million in the first nine months (9M) of 2023, compared to SAR 102.52 million in 9M-22.
The earnings per share (EPS) rose to SAR 2.45 in 9M-23 from SAR 1.86 in 9M-22, according to the preliminary financial statements.
The company also witnessed a 50.81% growth in revenue to SAR 791.41 million in the period from January to September 2023, versus SAR 524.76 million in the same period of 2022.
Financial Results for Q3
In the third quarter (Q3) of 2023, Lumi posted a net profit after Zakat and tax of SAR 34.96 million, an increase of 14.74% from SAR 30.47 million in Q3-22.
The revenues soared by 54.86% to SAR 291.38 million from July to September 2023, compared to SAR 188.15 million in the same period of the prior year.
On a quarterly basis, the net profit in Q3-23 declined by 29.65% from SAR 49.70 million in Q2-23, while the revenues increased by 25.07% from SAR 232.97 million.
It is worth mentioning that Lumi started the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on 25 September.
