Elm’s net profit grows to 498 million riyals during Q3, by 49%

Elm’s net profit grew during the third quarter to 498 million riyals compared to 334 million riyals in the same quarter last year by 49.1%, following the announcement today of the initial consolidated financial results for the period ending September 30, 2024 (nine months).

The operating profit amounted to 494 million riyals in the third quarter compared to 323 million riyals in the same quarter of the previous year, an increase of 52.9%.

The company’s net profit during the 9-month period amounted to 1.3 billion riyals compared to 1.02 billion riyals in the same period last year, an increase of 29%.

The earnings per share in the current period reached 17.11 riyals compared to 13.25 riyals in the same period last year.