Extra 2024 Profit Jumps 36.8% to SAR 534.4 Million

United Electronics Company (Extra) announced on Thursday that its net profit increased to SAR 534.4 million by the end of 2024, compared to SAR 390.4 million last year by 36.8%, following the announcement today of the financial results for the duration ending Dec. 30, 2024 (12 months).

Operational profit increased by 26.7% to SAR 609.2 million in 2024, compared to SAR 480.6 million in the previous year.

Profits per share amounted to SAR 6.68 in the current duration, compared to SAR 4.88 in the same duration last year.

The Company stated that the increase in the Company’s revenues accompanied by an improvement in the total profit during the current year came as a result of the improvement in the sales mix and growth in the consumer finance sector, which had a positive impact on the growth of the Company’s net profits, despite the increase in selling and distribution expenses and general and administrative expenses.

Total profit increased by 14.5% compared to last year, resulting in the Company recording a net profit of SAR 534.4 million, compared to SAR 390.5 million last year, achieving a growth rate of 36.9%