Riyadh – Mubasher: United Electronics Company (eXtra) recorded 37.14% year-on-year (YoY) higher net profits at SAR 200.40 million in the first half (H1) of 2024, compared to SAR 146.12 million.

The company’s revenues reached SAR 3.49 billion in H1-24, up 9.76% from SAR 3.18 billion in January-June 2023, according to the income statements.

Meanwhile, the earnings per share (EPS) grew to SAR 2.51 as of 30 June 2024 from SAR 1.83 in the year-ago period. 

Financials for Q2-24

In the second quarter (Q2) of 2024, eXtra logged net profits valued at SAR 106.50 million, an annual surge of 72.69% from SAR 61.67 million.

Revenues hiked by 9.67% to SAR 1.91 billion in Q2-24 from SAR 1.79 billion a year earlier.

Quarterly, the Q2-24 net profits climbed by 13.46% from SAR 93.86 million in Q1-24, while the revenues increased by 21.35% from SAR 1.58 billion.