ProMedEx reports 11% rise in 2024 net profit to SAR 28 mln

ProMedEx posted an 11% increase in net profit to SAR 28 million ($7.47 million) for 2024, up from SAR 25 million in the previous year, according to its annual financial results released on Saturday.

Operating profit rose 20% to SAR 41 million in 2024 from SAR 34 million a year earlier.

Total equity, excluding non-controlling interests, climbed 16% to SAR 113 million from SAR 97 million in 2023.

Earnings per share increased to SAR 7.9 in 2024 from SAR 7.1 in the prior year.