Al Baha’s profits rise to 2.9 million riyals in Q2, by 628.2%

Al Baha Investment and Development Company revealed that net profits rose during the second quarter to 2.9 million riyals compared to 409.3 thousand riyals in the same quarter last year by 628.2%, following the announcement today of the preliminary financial results for the period ending June 30, 2024 (six months).

The operating profit amounted to 3.5 million riyals in the second quarter compared to 1.6 million riyals in the same quarter of the previous year, an increase of 120%.

The total equity (after excluding non-controlling interests) amounted to 217 million riyals in the 6-month period compared to 211.7 million riyals in the same period last year, an increase of 2.5%.

The earnings per share in the current period reached 0.0007 riyals compared to 0.0001 riyals in the same period last year.