Earnings Report /
Saudi Arabia

Shaker: Highest quarterly net income since Q2 16

  • Revenue grew 5.4% yoy (-9.9% qoq) to SAR261mn.

  • Gross margins expanded by 68bps yoy to reach 22.0% in Q3 21

  • Operating expenses in absolute terms declined 8.2% yoy to SAR46mn vs our estimates of SAR48mn

SNB Capital
3 November 2021
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