The company has 155 branches in Saudi Arabia and the UAE
Dubai – Al Arabiya.net
Posted on: July 31, 2023: 02:21 PM GST Last updated: July 31, 2023: 03:31 PM GST
The CEO of Leejam Sports Company – Fitness Time, Adnan Al-Khalaf, said that the reason for the increase in the company’s net profit in the second quarter of this year by 101% is due to the increase in the number of subscribers in our centers in Saudi Arabia and the UAE, where the number of subscribers exceeded 20%. In all Saudi regions.
Al-Khalaf added in an interview with Al-Arabiya that the new operating model of the company depends on controlling costs, and that with the significant growth in profits that exceeded 100%, operating costs can be covered, and there is a surplus for growth and expansion by opening more centers and developing old ones.
He pointed out that the company has so far 155 branches in 21 cities in Saudi Arabia and the Emirates, and aspires to exceed 250 branches in the year 2025, indicating that the old centers have been completely renovated, and work is now underway in 17 new centers, and there is a plan to control costs, with Determined to expand horizontally.
The net profit of Leejam Sports Company (Fitness Time) increased in the second quarter of this year by 101% to reach 72.5 million riyals, compared to 36 million riyals in the same quarter of 2022.
On a quarterly basis, the company’s profits increased in the second quarter by 15.6%, compared to profits of 62.7 million riyals in the first quarter of this year.
2023-07-31 11:31:20
#Special #Fitness #Time #Arabic #aim #increase #number #branches #branches
