Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has reported net profits after Zakat and tax worth SAR 58.26 million in the first half (H1) of 2022, higher by 72.16% than SAR 33.84 million in H1-21.
SAIC generated revenues of SAR 65.53 million during the January-June 2022 period, a hike of 67.90% from SAR 39.03 million in the year-ago period, according to the initial financial results.
The earnings per share (EPS) went up to SAR 1.17 in H1-22 from SAR 0.68 in H1-21.
During the second quarter (Q2) of 2022, the company’s net profit after Zakat and tax amounted to SAR 27.32 million, a 62.72% year-on-year (YoY) leap from SAR 16.79 million.
The revenues surged by 60.75% to SAR 31.09 million in Q2-22, versus SAR 19.34 million in Q2-21.
Inthe first three months (3M) of 2022, SAIC witnessed an 81.46% YoY jump in net profit after Zakat and tax to SAR 30.94 million, compared to SAR 17.05 million.
