Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has registered net profits worth SAR 806 million in the first half (H1) of 2024.
The results signalled a 25.34% annual increase from SAR 643 million in H1-23, according to the income statements.
The earnings per share (EPS) rose to SAR 6.78 in H1-24 compared with SAR 5.41 in H1-23.
In addition, the revenues grew by 3.75% to SAR 5.58 billion during January-June 2024 from SAR 5.37 billion during the corresponding six months (6M) in 2023.
Financial Results for April-May 2024
During the second quarter (Q2) of 2024, solutions achieved a 33.23% surge in net profit to SAR 453 million compared to SAR 340 million in Q2-23.
The revenues also increased by 2.59% to SAR 2.77 billion during the April-June 2024 period from SAR 2.70 billion in the year-ago 6M.
On a quarterly basis, solutions’ net profits in Q2-24 were 28.32% higher than SAR 353 million in Q1-24 while the revenues declined by 1.35% from SAR 2.80 billion.
