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.

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