Sunday, 16 March 2025

Atheeb Telecom Q3 Profits Grow 23.3% to SAR 58.6 million

Etihad Atheeb Telecommunication Co. (GO) revealed on Wednesday a growth in net profit during the third quarter to 58.6 million riyals, compared to 47.8 million riyals in the same quarter last year by 22.3%, following the announcement today of the preliminary consolidated financial results for the period ending Sep. 30, 2024 (nine months).

The operational profit increased by 11% to 58.5 million riyals in the third quarter, compared to 52.7 million riyals in the same quarter last year.

The company’s net profit during the 9-month duration increased by 4.8% to 105.3 million riyals, compared to 100.4 million riyals in the same duration last year.

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The earnings per share in the current period reached 3.1 riyals, compared to 3.39 riyals in the same duration last year.

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