Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) reported a 20.61% year-on-year (YoY) growth in net profit after Zakat and tax to SAR 556 million during the first half (H1) of 2022, compared to SAR 461 million.
Revenues surged by 22.84% YoY to SAR 4.67 billion in H1-22 from SAR 3.80 billion, according to the interim financial results on Monday.
The earnings per share (EPS) rose to SAR 4.68 in H1-22 from SAR 3.84 in the year-ago period.
During the second quarter (Q2) of 2022, solution registered net profits after Zakat and tax worth SAR 273 million, an annual jump of 6.64% from SAR 256 million.
Meanwhile, the company’s revenues amounted to SAR 2.25 billion during the April-June period in 2022, an increase of 16.36% when compared to SAR 1.93 billion in Q2-21.
In the first three months (3M) of 2022, the Saudi firm logged net profits after Zakat and tax of SAR 283 million, up 38.04% from SAR 205 million during the same period a year earlier.
