Sure H1 2024 Profits Slightly Increase 1.5% to SAR 16 Million

The net profit of Sure Global Tech Co. slightly increased to 16 million riyals during the first half of 2024, compared to 15.9 million riyals in the same half of the previous year, by 1.5%. This came after the announcement on Tuesday of the interim financial results for the period ending June 30, 2024 (6 months).

Total equity (excluding non-controlling interests) in the current period amounted to 109 million riyals, compared to 114 million riyals in the same period of the previous year, a decrease of 5%.

Earnings per share amounted to 2.11 riyals in the current period, compared to 2.07 riyals in the same period of the previous year.

The company said that the reason for the revenues increase during the current period is due to its acquisition of new projects during the first half of 2024. A part of those projects was completed during the current period of 2024. Revenues increased by 23.89% and by a value of 102.4 million Saudi riyals compared to the same period of the previous year.