Wednesday, 29 May 2024

‎“KEIR International” profits surge to SR20 mln during 2022, by ‎‎17%‎

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KEIR International revealed an increase in net profit after zakat and tax during the year ending on December 31, 2022 to 19.8 million riyals, compared to 16.9 million riyals in the previous year, by 17.1%. This came after today’s announcement of the annual financial results ending on 12-31. -2022 AD.

The operational profit amounted to 27.2 million riyals during the year ending on December 31, 2022, compared to 23.9 million riyals in the previous year, with a growth of 13.6%.

The total shareholders’ equity “without minority rights” amounted to 241.8 million riyals in the current year, compared to 234.4 million riyals in the previous year, an increase of 3%.

Earnings per share in the current year reached 1.65 riyals, compared to 1.41 riyals in the previous year.

– KEIR International recorded revenues of 171,410,631 million Saudi riyals in the current year, compared to 169,374,119 million Saudi riyals in the previous year, recording a growth rate of 1.2%.

KEIR International recorded total profits of 42,878,393 million Saudi riyals during the current year, compared to 34,220,573 million Saudi riyals during the previous year, recording a growth rate of 25.30%, due to the increase in operational efficiency.

The net profit for the current year amounted to 19,840,242 million Saudi riyals compared to 16,942,958 million Saudi riyals, an increase of 17.10%. The reason is due to the increase in revenues and the increase in operational efficiency.

Total comprehensive income during the current year amounted to 19,794,732 million Saudi riyals, compared to 17,150,085 million Saudi riyals during the previous year, recording an increase of 15.42%.

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