The financial statements of the United Electronics Company (Extra) revealed an increase in the company's profits in the third quarter of this year by 5.8% on an annual basis.
According to the company's results for the Saudi market (Tadawul), Extra achieved quarterly profits of 94.2 million riyals, compared to 89 million riyals in profits for the same period last year.
Extra said in the statement that the increase in profits during the comparative periods, despite the stability of revenues, is due to supporting the growth of revenues from the company's services and consumer finance services, which contributed to the growth of total profit by 7.13%.
Extra achieved profits of 318.8 million riyals in the first nine months of this year, compared to 270.69 million riyals, profits for the same period of the previous year, with a growth in profits of 17.8%.
Extra’s revenues in the first nine months of this year amounted to about 4.49 billion riyals, compared to 4.07 billion riyals for the same period in 2021, with an increase in revenue by 10.3%.
