SRMG Profits Fall to SAR 202 Million by End-2024

Saudi Research and Media Group (SRMG) announced on Thursday that its net profit decreased by 64% to SAR 202 million by the end of 2024, compared to SAR 560 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 56% to SAR 257 million by the end of 2024, compared to SAR 581 million in 2023.

The shareholders’ equity (excluding non-controlling interests) increased by 4% to SAR 3.2 billion in the current year, compared to SAR 3.08 billion in 2023.

The profits per share for the current year amounted to SAR 2.52, compared to SAR 7 in 2023.