Atheeb Telecommunication records SAR 42.4 profits during FY ended on March 31st, 2023

Etihad Atheeb Telecommunication Co. recorded a net profit after zakat and tax during the year ending on March 31, 2023 at SAR 42.4 million, compared to a loss of SAR 37.4 million in the previous year. This came after the announcement on Sunday of the annual financial results ending on 03-31-2023 AD.

The operating profit amounted to SAR 57.9 million during the year ending March 31, 2023, compared to a loss of SAR 15.4 million in the previous year.

The total shareholders’ equity “without minority rights” amounted to SAR 116 million in the current year, compared to SAR 74 million in the previous year, a growth of 57%.

Earnings per share in the current year reached SAR 4.72, compared to a loss of SAR 4.16 in the previous year.