MOBI Industry’s Net Profit Rises 24% to SAR 38 Million in 2024

MOBI Industry Co. reported a 24% increase in net profit to SAR 38 million for the fiscal year ending December 31, 2024, compared to SAR 30 million in 2023. The announcement follows the release of the company’s annual financial results.

Key Financial Highlights:

• Operating profit grew 24% to SAR 38 million, up from SAR 30 million in 2023.

• Shareholders’ equity (excluding non-controlling interests) rose 27% to SAR 83 million, compared to SAR 65 million in 2023.

• Earnings per share (EPS) increased to SAR 0.75, up from SAR 0.61 in 2023.