Riyadh – Mubasher: SHL Finance Company achieved a 60.72% leap in net profit to SAR 15.76 million during the first nine months (9M) of 2024, compared with SAR 9.81 million in 9M-23.

Earnings per share (EPS) amounted to SAR 0.16 in 9M-24, up year-on-year (YoY) from SAR 0.10, according to the income statements.

Total assets grew by 3.73% to SAR 4.52 billion as of 30 September 2024 from SAR 4.36 billion in 9M-23, while investments remained unchanged at SAR 893,000.

Financial Results for Q3

In the third quarter (Q3) of 2024, the Saudi company generated 7.19% higher net profits at SAR 5.11 million, compared to SAR 4.76 million in Q3-23.

On a quarterly basis, the net profits in Q3-24 retreated by 15.36% from SAR 6.04 million in Q2-24.