Riyadh – Mubasher: Seera Group Holding’s net profit grew 7.01% year-on-year (YoY) to SAR 61 million in the first quarter (Q1) of 2024 from SAR 57 million.

Revenues surged 35.76% YoY to SAR 1.07 billion in Q1-24 from SAR 794 million, according to the interim financial results.

The earnings per share (EPS) amounted to SAR 0.155 in the three-month period that ended on 31 March 2024, down from SAR 0.188 in the corresponding period a year earlier.

Quarter-on-quarter (QoQ), the company’s net profit plunged by 47.41% in Q1-24 from SAR 116 million in Q4-23, while the revenues rose by 5.99% from SAR 1.01 billion.

In 2023, Seera Group Holding shifted to a net profit of SAR 265 million, compared to a net loss of SAR 46 million a year earlier.