Riyadh – Mubasher: The net profits after Zakat and tax of Arabian Centres Company (ACC) widened by 72.32% to SAR 374.10 million in the first half (H1) of fiscal year (FY) 2022/2023, versus SAR 217.10 million in H1-21/22.

Revenues amounted to SAR 1.13 billion in the first six months (6M) of FY22/23, higher by 12.80% year-on-year (YoY) than SAR 1 billion, according to the interim income statements.

Furthermore, the earnings per share (EPS) settled at SAR 0.78 in H1-22/23, down from SAR 0.46 in the year-ago period.

In the second quarter (Q2) of FY22/23, the company reported net profits after Zakat and tax worth SAR 246.40 million, an annual hike of 171.37% from SAR 90.80 million.

The revenues increased by 15.43% YoY to SAR 573.70 million during the three-month period which ended on 30 September 2022, compared to SAR 497 million.

On a quarterly basis, the net profits after Zakat and tax in Q2-22/23 enlarged by 92.95% from SAR 127.70 million in Q1-22/23, while the revenues went up by 1.92% from SAR 562.90 million.

During the April-June 2022 period, representing Q1-22/23, the Tadawul-listed firm posted a 1.11% YoY rise in net profit after Zakat and tax to SAR 127.70 million from SAR 126.30 million.