Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) achieved net profits after Zakat and tax worth SAR 89.71 million in 2022, signalling an annual rise of 76.45% from SAR 50.84 million.
The earnings per share (EPS) increased to SAR 1.50 at the end of December 2022, compared to SAR 0.85 a year earlier.
SASCO registered SAR 7.85 billion in revenue during January-December 2022, higher by 93.33% than SAR 4.06 billion in the same period a year ago, according to the income results.
During the first nine months (9M) of 2022, the listed firm announced SAR 61.24 million worth of net profits, a growth of 72.51% from SAR 35.50 million in 9M-21.
Meanwhile, SASCO had noted that it would pay SAR 0.50 per share as a cash dividend for the third quarter (Q3) of 2022.
