Saudi Networkers Services Co. announces its interim Financial Results for the Period Ended on 2025-06-30 (Six Months)
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 297,247,386 | 282,210,094 | 5.328 | ||
| Net profit (Loss) | 20,598,564 | 19,727,221 | 4.416 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 110,699,435 | 105,824,756 | 4.606 | ||
| Profit (Loss) per Share | 3.4 | 3.3 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenues amount to 297.25 million Saudi riyals, compared to 282.21 million Saudi Riyals in the same period last year, with increase of 15.04 million Saudi riyals represent 5.33%.
The reason for increase in revenue is due to increase in business activities with the existing customers and addition of new customers. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The gross profit amount to 40.12 million Saudi riyals, compared to 37.70 million Saudi riyals in the same period last year, with increase of 2.42 million Saudi riyals, represent 6.42%.
The net profit amount to 20.60 million Saudi riyals, compared to 19.73 million Saudi riyals in the same period last year, with increase of 0.87 million Saudi riyals, represent 4.42%. The total comprehensive income amount to 20.60 million Saudi riyals, compared to 19.73 million Saudi riyals in the same period last year, with increase of 0.87 million Saudi riyals, represent 4.42%. The increase in net profit for the period ended 30 June 2025 is due to growth in revenue and improvement in profit margin. The increase in net profit has resulted in an increase in earnings per share to SAR 3.4 compared to SAR 3.3 in the same period last year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to reflect the proper presentation and to conform to the current period's presentation. For more information refer to note 17 to the condensed consolidated interim financial statements. |
| Additional Information | • Revenue has shown growth of 5.33% over the same period last year maintaining the company’s historical growth trends.
• The company has reported Total Equity of SAR 110.73m compared to SAR 105.90m in the same period last year i.e. an increase of over 4.56%. The condensed consolidated interim financial statements of the group as at and for the six-month period ended 30 June 2024, and the consolidated financial statements of the group for the year ended 31st December 2024, except for the adjustments described in Note (17) to the condensed interim financial statements were reviewed / audited by another auditor who expressed an unmodified opinion on these financial statements. |
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