Alhasoob Co. recorded a 117% increase in net profit, reaching SAR 3.8 million for the fiscal year ending December 31, 2024, compared to SAR 1.7 million in 2023, according to the company’s annual financial results.
Key Financial Highlights:
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Operating profit surged 69% to SAR 4.9 million, up from SAR 2.9 million in 2023.
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Shareholders’ equity (excluding non-controlling interests) rose 11% to SAR 41 million, compared to SAR 37 million in 2023.
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Earnings per share (EPS) increased to SAR 1.35, from SAR 0.62 in 2023.
