Riyadh – Mubasher: The net profit of Saudi Research and Media Group (SRMG) shrank 13.74% year-on-year (YoY) to SAR 559.62 million in 2023 from SAR 648.79 million a year earlier.
Revenues inched higher by 0.98% YoY to SAR 3.74 billion last year from SAR 3.70 billion in 2022, according to the annual financial results.
The earnings per share (EPS) declined to SAR 7 in 2023 from SAR 8.11 the year before.
During the first nine months (9M) of 2023, SRMG’s net profit rose 4.49% YoY to SAR 551.50 million from SAR 527.80 million.
