Riyadh – Mubasher: The net profits of Saudi Ground Services Company hiked by 66.26% to SAR 149.59 million in the first half (H1) of 2024 from SAR 89.97 million in H1-23.
The company posted 12.54% year-on-year (YoY) higher revenues at SAR 1.33 billion in H1-24, compared to SAR 1.19 billion, according to the financial results.
Earnings per share (EPS) grew to SAR 0.80 as of 30 June 2024 from SAR 0.48 in the year-ago period.
Financials for Q2-24
In the second quarter (Q2) of 2024, the net profits reached SAR 78.43 million, marking an annual leap of 57.07% from SAR 49.93 million.
Revenues climbed by 9.58% YoY to SAR 686.51 million in April-June 2024 from SAR 626.47 million.
Quarter-on-quarter (QoQ), the profits in Q2-24 surged by 10.21% from SAR 71.16 million in Q1-24, while the revenues rose by 5.10% from SAR 653.19 million.
