The net profit of the “Bin Dawood” Holding Company increased by 55.49% in the second quarter of 2023 to about 65.8 million riyals, after zakat and tax, compared to about 42.3 million riyals in the second quarter of 2022.
On a quarterly basis, net profits increased by 26.1% in the second quarter of this year, compared to a net profit of about 52.2 million riyals in the first quarter of 2023.
“Bin Dawood” said in a statement on “Tadawul Saudi Arabia”, today, Monday, that the quarterly profit growth in the second quarter of 2023, on an annual basis, is due to an increase in sales and an improvement in gross profit margin, which was offset by a partial increase in operating expenses.
The company’s profits increased in the first half of 2023, by 9.5%, to 118.03 million riyals after zakat and tax, compared to a net profit of 107.79 million riyals in the comparative half a year ago.
2023-08-14 07:43:28
#profits #Bin #Dawood #jumped #million #riyals #quarter
