Saturday, 13 April 2024

Sure profits increased to SAR 24 million at the end of 2022, by 33%

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Sure International Technology Company revealed an increase in net profit after zakat and tax during the year ending on December 31, 2022, to SAR 24 million, compared to SAR 18.1 million last year, by 32.8%. This came after today’s announcement of the annual financial results ending on 12/31/2022.
The operating profit amounted to 26.8 million riyals during the year ending on December 31, 2022, compared to SAR 22.2 million in the previous year, a growth of 20.4%.
The total shareholders’ equity “without minority rights” amounted to SAR 96 million in the current year, compared to SAR 81.6 million in the previous year, an increase of 17.6%.
Earnings per share in the current year reached SAR 469, compared to SAR 356 in the previous year.
The reason for the increase in net profit during this year compared to the previous year is due to the increase in revenues by 12%, and the reason for the increase in revenues is mainly due to the following reasons:
1 – The product sector, where the customer base has expanded and new customers have been attracted, which led to obtaining a larger share in the market.
2 – Increased revenues from the infrastructure sector and the professional and digital services sector.

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