Elm’s profits rise to 486 million riyals during Q2, by 30.2%

Elm Company revealed an increase in net profit during the second quarter to 486 million riyals compared to 373 million riyals in the same quarter of last year by 30.2%, following the announcement today of the preliminary financial results for the period ending June 30, 2024 (six months).

The operating profit amounted to 464 million riyals in the second quarter compared to 377 million riyals in the same quarter of the previous year, an increase of 23%.

The total equity (after excluding non-controlling interests) amounted to 4.5 billion riyals in the 6-month period compared to 3.5 billion riyals in the same period of last year, an increase of 29%.

The earnings per share in the current period reached 10.7 riyals compared to 8.95 riyals in the same period of last year.