Sure Global Tech Co. reported a net profit of SAR 28.7 million for 2023, an increase of 19% compared to SAR 24.1 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 207.67 | 194.29 | (6.4 %) |
| Gross Income | 51.41 | 56.46 | 9.8 % |
| Operating Income | 26.82 | 31.32 | 16.8 % |
| Net Income | 24.08 | 28.67 | 19.1 % |
| Average Shares | 7.69 | 7.69 | - |
| EPS (Riyals) | 3.13 | 3.73 | 19.1 % |
This was propelled by an increase in revenues of managed services, digital services, and products segments. They represent profit margins higher than infrastructure segment, whose revenues slipped 6% year-on-year (YoY).
Operating profit rose 17% YoY, along with lower cost of revenue and higher other revenue
Total shareholders’ equity, no minority interest, stood at SAR 114.46 million by Dec. 31, 2023, compared to SAR 96.06 million a year earlier.
|
Quarterly Results |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/Share) |
|
H1 2020 |
55.95 |
5.18 |
0.70 |
|
H2 2020 |
78.85 |
10.23 |
1.36 |
|
H1 2021 |
52.38 |
8.69 |
1.13 |
|
H2 2021 |
133.05 |
9.44 |
1.22 |
|
H1 2022 |
112.45 |
13.18 |
1.71 |
|
H2 2022 |
95.22 |
10.9 |
1.42 |
|
H1 2023 |
82.67 |
15.92 |
2.07 |
|
H2 2023 |
111.62 |
12.75 |
1.66 |
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