Earnings Report /
Saudi Arabia

Mouwasat: Revenue growth drives net income

  • Revenue increased by 3.5% yoy (+4.0% qoq) to SAR552mn and was in-line with our estimate of SAR550mn

  • Gross profit increased marginally by 0.8% yoy (+2.6% qoq) to SAR251mn, in line with our estimate of SAR254mn

  • Operating profit stood at SAR159mn, up 5.4% yoy (5.7% qoq) and was in-line with our estimates of SAR158mn

SNB Capital
17 March 2022
Published bySNB Capital


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