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Financial Results

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3 hours ago IDH’s consolidated profit dips 11% YoY in 2023
Cairo – Mubasher: Integrated Diagnostics Holdings (IDH) recorded an 11% year-on-year (YoY) decline in consolidated net profit to EGP 468 million in 2023 from EGP 527 million. Revenues increased by 14% YoY to EGP 4.12 billion last year from EGP …
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01:01 PM SRMG’s net profit declines 14% YoY in 2023
Riyadh – Mubasher: The net profit of Saudi Research and Media Group (SRMG) shrank 13.74% year-on-year (YoY) to SAR 559.62 million in 2023 from SAR 648.79 million a year earlier. Revenues inched higher by 0.98% YoY to SAR 3.74 billion last year …
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12:42 PM MM Group posts EGP 700m consolidated profit in 2023; dividends ratified
Cairo – Mubasher: MM Group for Industry and International Trade logged a consolidated net profit of EGP 699.15 million in 2023, up from EGP 346.25 million a year earlier. The company’s net sales soared to EGP 10.35 billion last year from EGP 6.90 …
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27 March 04:23 PM Tam Development mulls 12% cash dividends for 2023
Riyadh – Mubasher: Tam Development Company unveiled the board’s proposal to disburse cash dividends amounting to SAR 4.05 million, representing 12.30% of the capital, for 2023. The Saudi firm will pay a dividend of SAR 1.23 per share for 3.29 …
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27 March 02:36 PM Quara Finance posts 6% YoY profit increase in 2023
Riyadh – Mubasher: Quara Finance Company reported a 5.80% year-on-year (YoY) growth in net profit to SAR 53.78 million in 2023 from SAR 50.83 million. Revenues increased by 10.44% YoY to SAR 187.61 million last year from SAR 169.87 million, …
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27 March 01:49 PM Watania International Holding unveils accumulated losses
Dubai – Mubasher: Watania International Holding has incurred accumulated losses valued at AED 45.90 million as of 31 December 2023, representing 17.67% of the capital, according to a bourse disclosure. The company reported an exceptional loss of …
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27 March 01:44 PM Taiba Investments’ profit tumbles 21% YoY in 2023; dividends recommended
Riyadh – Mubasher: The net profit of Taiba Investments Company declined by 21.33% year-on-year (YoY) to SAR 109.80 million in 2023 from SAR 139.57 million. Revenues soared 62.41% YoY to SAR 536.41 million last year from SAR 330.28 million, …
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27 March 12:58 PM UAB’s net profits exceed AED 255m in 2023
Abu Dhabi – Mubasher: The United Arab Bank (UAB) registered AED 255.30 million in net profit during 2023, higher than AED 154.72 million in 2022. Total interest income and income from Islamic financing products hit AED 921.61 million last year, up …
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27 March 12:44 PM Saudi Re’s net profit leaps 64% YoY in 2023
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) recorded a 63.61% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders of SAR 124.42 million in 2023 from SAR 76.05 million. Insurance revenues declined by 10.02% …
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27 March 12:15 PM Kingdom Holding’s profit drops 85% YoY in 2023; dividends proposed
Riyadh – Mubasher: Kingdom Holding Company logged an 85.44% year-on-year (YoY) plunge in net profit to SAR 1.01 billion in 2023 from SAR 6.95 billion. Revenues grew 8.48% YoY to SAR 2.70 billion last year from SAR 2.49 billion, according to the …
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27 March 11:41 AM Aslak’s net profit plummets 64% YoY in 2023
Riyadh – Mubasher: United Wire Factories Company (Aslak) logged a 64.02% year-on-year (YoY) drop in net profit to SAR 20.40 million in 2023 from SAR 56.70 million. Revenues tumbled 22.76% YoY to SAR 792.80 million last year from SAR 1.02 billion, …
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27 March 11:23 AM MBC Group logs 45% YoY higher net income in 2023
Riyadh – Mubasher: MBC Group posted a 44.80% year-on-year (YoY) surge in group net income to SAR 69 million in 2023 from SAR 48 million. The group total revenue grew 6.20% YoY to SAR 3.70 billion last year from SAR 3.48 billion, according to a …
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26 March 04:47 PM Budget Saudi’s profits cross SAR 277m in 2023; dividends unveiled
Riyadh – Mubasher: The net profits of United International Transportation Company (Budget Saudi) increased by 10% to SAR 277.21 million in 2023 from SAR 252 million in 2022. Revenues amounted to SAR 1.37 billion as of 31 December 2023, an annual …
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26 March 04:00 PM Lumi sees 12% higher net profits in 2023
Riyadh – Mubasher: Lumi Rental Company recorded net profits valued at SAR 160.62 million in 2023, an annual surge of 11.80% from SAR 143.66 million. Revenues hiked by 41.26% to SAR 1.10 billion last year from SAR 782.63 million in the …
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26 March 01:14 PM Zoujaj’s net profit plummets 54% YoY in 2023
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) reported a 54.07% year-on-year (YoY) drop in net profit to SAR 47.90 million in 2023 from SAR 104.30 million. Revenues surged 37.04% YoY to SAR 153.90 million last year from SAR …
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26 March 12:31 PM Scientific & Medical Equipment logs 142% YoY higher profit in 2023
Riyadh – Mubasher: Scientific & Medical Equipment House Company posted a 142.31% year-on-year (YoY) surge in consolidated net profit to SAR 37.80 million in 2023 from SAR 15.60 million. Revenues reached SAR 799.30 million last year, up 11.98% YoY …
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26 March 12:11 PM Seera ends 2023 profitable; revenues jump 56% YoY
Riyadh – Mubasher: Seera Group Holding turned to profitability in 2023, registering a net profit of SAR 265 million, against a net loss of SAR 46 million a year earlier. Revenues surged 55.68% year-on-year (YoY) to SAR 3.29 billion last year from …
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26 March 11:50 AM Cenomi Centers’ net profit surges 49% YoY in 2023; dividends approved
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) logged a 48.77% year-on-year (YoY) surge in net profit to SAR 1.50 billion in 2023 from SAR 1 billion a year earlier. Revenues grew 2.13% YoY to SAR 2.25 billion last year from SAR 2.20 …
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25 March 06:35 PM SADAFCO unveils financial results after changing fiscal year
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has revealed its financial results for the period ended on 31 December 2023 after it had changed the fiscal year (FY) to be from January to December each year, instead of April to …
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25 March 03:45 PM Saudi Networkers Services to pay SAR 14m dividends for H2-23
Riyadh – Mubasher: The board of Saudi Networkers Services Company (SNS) proposed cash dividends amounting to SAR 14.10 million, representing 23.50% of the capital, for the second half (H2) 2023. The Saudi firm will pay a dividend of SAR 2.35 per …
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25 March 02:49 PM National Industries reports KWD 47m consolidated profit in 2023
Mubasher: The consolidated net profit after tax and directors’ remuneration of National Industries Group Holding (NIG) surged to KWD 46.77 million in 2023 from SAR 33.92 million a year earlier. Revenues from sales and contracts with customers …
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25 March 02:13 PM BCI’s net profit tumbles 37% YoY in 2023
Riyadh – Mubasher: The net profit of Basic Chemical Industries Company (BCI) plunged 37.53% year-on-year (YoY) to SAR 43.98 million in 2023 from SAR 70.40 million. Revenues grew 9.85% YoY to SAR 741.11 million last year from SAR 674.67 million, …
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25 March 02:06 PM Banque du Caire posts 113% higher profits in 2023
Cairo – Mubasher: Banque du Caire registered net profits after tax valued at EGP 6.66 billion in 2023, an annual leap of 112.77% from EGP 3.13 billion. Net interest income hiked to EGP 17.78 billion last year from EGP 12.79 billion in 2022, …
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25 March 01:44 PM Ash-Sharqiyah Development’s loss shrinks 94% YoY in 2023
Riyadh – Mubasher: Ash-Sharqiyah Development Company posted a 94.19% year-on-year (YoY) drop in net losses to SAR 185,743 in 2023 from SAR 3.19 million. The earnings per share (EPS) tumbled to SAR 0.01 last year from SAR 0.43 in 2022, according to …
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25 March 12:49 PM Saudi Ground Services switches to profitability in 2023
Riyadh – Mubasher: Saudi Ground Services Company shifted to profitability in 2023, recording a net profit of SAR 211.47 million, versus a net loss of SAR 244.48 million in 2022. Revenues jumped 24.37% year-on-year (YoY) to SAR 2.45 billion last …