Sure profits increase to SAR 15.9 million during H1 by 20.7%

Sure Global Tech Company announced an increase in net profit after zakat and tax during the first half to SAR 15.9 million, compared to SAR 13.1 million in the same half of last year, by 20.7%. This came after the announcement on Monday of the preliminary financial results for the period ended on June 30 (six months).

The operational profit amounted to SAR 17.6 million in the first half, compared to SAR 14.5 million in the same half of the previous year, a growth of 21.4%.

The total shareholders’ equity “without minority rights” amounted to SAR 101.7 million in the 6-month period, compared to SAR 84.5 million in the same period last year, an increase of 20.2%.

Earnings per share in the current period reached SAR 3.1, compared to SAR 2.57 in the same period last year

In the first half of the current year 2023, the company achieved a net profit of SAR 15.9 million compared to SAR 13.1 million reported in the corresponding period H1 2022.

Furthermore, the operational profit increased by 21% this period compared to the corresponding period, driven by:

– Reduction on Cost of revenue

– Increase in other revenue.

Despite a 26% decline in gross revenue in the current period compared to corresponding period.