AME’s Net Profit Jumps 35% to SAR 45 Million in 2024

AME Co. for Medical Supplies reported a 35% increase in net profit, reaching SAR 45 million in 2024, compared to SAR 33 million in 2023, according to its annual financial results for the period ending December 31, 2024.

Operational profit grew 33% to SAR 50 million, up from SAR 37 million in the previous year. Total shareholders’ equity (excluding minority interest) surged 25% to SAR 159 million, compared to SAR 127 million in 2023.

Earnings per share (EPS) rose to SAR 6.49 in 2024, compared to SAR 4.79 in 2023.