ARABICA STAR 2024 Profits Fall 7% to SAR 4.4 Million

Arabica Star Co. announced on Tuesday that its net profit fell 7% to SAR 4.4 million by the end of 2024, compared to SAR 4.7 million in 2023. This came after the announcement today of the preliminary financial results for the duration ending December 31, 2024.

The operational profit decreased by 20% to SAR 6.3 million by the end of 2024, compared to SAR 7.9 million in 2023.

The shareholders’ equity (excluding non-controlling interests) increased by 96% to SAR 39 million in the current year, compared to SAR 20 million in 2023.

The profits per share for the current year reached SAR 3.86, compared to SAR 4.29 in 2023.