Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) recorded SAR 48.22 million in net profit during the first quarter (Q1) of 2025, an annual plunge of 52.16% from SAR 100.82 million.
The revenues witnessed an annual growth of 23.83% to SAR 543.72 million in Q1-25 from SAR 439.07 million, according to the financial results.
Meanwhile, the earnings per share (EPS) dropped to SAR 0.88 in Q1-25 from SAR 1.83 as of 31 March 2024.
Quarter-on-quarter (QoQ), the Q1-25 net profits fell by 38.82% from SAR 78.83 million in Q4-24, while the revenues increased by 4.59% from SAR 519.85 million.
Last year, Al Arabia registered net profits valued at SAR 271.28 million, down 14.75% from SAR 318.23 million in 2023.
