Quara Profit Declines 31.9% to SAR 8.5 Million in Q1

Quara Finance Co. reported on Thursday a 31.9% decline in net profit to SAR 8.5 million for the first quarter, compared to SAR 12.5 million in the same quarter of last year, following the release of its interim financial results for the period ending March 31, 2025.

Operational profit reached SAR 10.3 million in Q1, compared to SAR 14.8 million in the same quarter last year, a decrease of 30.2%.

Total shareholders’ equity (after deducting minority interest) for the three-month period amounted to SAR 467.8 million, compared to SAR 405 million in the previous period, an increase of 15.4%.

Earnings per share for the current period were SAR 0.29, compared to SAR 0.42 in the same period last year.