Riyadh – Mubasher: Elm Company recorded a 64.02% year-on-year (YoY) hike in net profit after Zakat and tax to SAR 930 million in 2022, compared to SAR 567 million.
The Saudi firm generated revenues worth SAR 4.60 billion in the January-December 2022 period, a 20.32% YoY jump from SAR 3.82 billion, according to the annual consolidated financial results.
Earnings per share (EPS) widened to SAR 11.94 last year from SAR 7.09 in 2021.
In the first nine months (9M) of 2022, the Tadawul-listed company registered SAR 718 million in net profit after Zakat and tax, an annual leap of 57.11% from SAR 457 million.
Revenues increased by 19.58% to SAR 3.29 billion in 9M-22 from SAR 2.75 billion in 9M-21, whereas the EPS surged to SAR 9.20 from SAR 5.71.
