Rawasi Albina Investment Company reported a 67% decline in net profit to SAR 7.5 million for the fiscal year ending December 31, 2024, compared to SAR 23 million in 2023. This follows the company’s announcement of its preliminary financial results for the year.
Key Financial Highlights:
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Operating profit fell 38% to SAR 22 million, down from SAR 35 million in 2023.
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Shareholders’ equity (excluding non-controlling interests) grew 5% to SAR 145 million, up from SAR 138 million in 2023.
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Earnings per share (EPS) dropped to SAR 0.14, compared to SAR 0.41 in 2023.
