Wafra’s profits decline to 5 million riyals by the end of 2024

Wafra Industrial and Development Company revealed a 75.9% decline in net profits by the end of 2024, reaching 5 million riyals compared to 20.9 million riyals last year. This came after today’s announcement of the annual financial results ending December 31, 2024.

Operating profit reached 3.8 million riyals by the end of 2024, compared to 2.5 million riyals last year, a growth of 53.9%.

Total equity (excluding non-controlling interests) reached 238.9 million riyals in the current year, compared to 232.4 million riyals last year, an increase of 2.8%.

Earnings per share for the current year reached 0.22 riyals, compared to 0.91 riyals last year.