Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) achieved consolidated net profits after Zakat and tax worth SAR 283 million during the first quarter (Q1) of 2022, an annual surge of 38.04% from SAR 205 million.
Earnings per share increased to SAR 2.38 in Q1-22 from SAR 1.71 in Q1-21, according to the initial financial results.
solutions generated SAR 2.41 billion in revenue during January-March 2022 period, marking a 29.51% year-on-year (YoY) growth from SAR 1.86 billion.
On a quarterly basis, the company’s net profits in Q1-22 were 148.24% higher than SAR 114 million in Q4-21 and the revenues soared by 17.37% from SAR 2.06 billion.
In 2021, the Saudi listed firm posted net profits of SAR 833 million, compared to SAR 702 million in the previous year.
