Riyadh – Mubasher: Saudi Research and Media Group achieved a 41.4% surge in net profit after Zakat and tax to SAR 91.5 million during the first quarter (Q1) of 2021 from SAR 64.7 million in the same period in 2020.

The initial financial results indicated earnings per share of SAR 1.14 in Q1-21, compared with SAR 0.81 in Q1-20.

Revenues grew 20.5% to SAR 596.8 million in Q1-21 from SAR 495.2 million in Q1-20.

Quarter-on-quarter (QoQ), the company’s net profits in Q1-21 surged 213% from SAR 29.2 million in the fourth quarter (Q4) of 2021.

Revenues in Q1-21 meanwhile shrank 5% from SAR 628.5 million in Q4-20.

Saudi Research and Media has recently changed its name from the previous Saudi Research and Marketing Group.