Riyadh – Mubasher: Kingdom Holding Company logged net profits amounting to SAR 820.39 million in the first half (H1) of 2024, marking an annual leap of 76.43% from SAR 464.99 million.

The revenues hit SAR 1.21 billion in H1-24, lower by 11.27% year-on-year (YoY) than SAR 1.36 billion, according to the interim financial results.

Earnings per share (EPS) increased to SAR 0.22 as of 30 June 2024 from SAR 0.13 in H1-23.

Income Results for Q2-24

In the second quarter (Q2) of 2024, the Saudi group recorded 112.36% YoY higher net profits at SAR 624.20 million, compared to SAR 293.92 million.

Revenues fell by 6.66% to SAR 647.459 million in April-June 2024 from SAR 693.70 million in Q2-23.

Quarter-on-quarter (QoQ), the profits in Q2-24 hiked by 218.15% from SAR 196.19 million in Q1-24, while the revenues climbed by 14.71% from SAR 564.39 million.