The Clap
Saudi Parts Center’s (9533) profits increased to SAR 2.84 million during H1 2022, in comparison to SAR 2.81 million during H1 2021.
The Deets
The company reported that the increase in profit is due to an increase in its revenues by about SAR 6 million as a result of seizing more market opportunities.
This led to an increase in the total profit by SAR 1.7 million while operating expenses also increased due to increased personnel costs, costs of licenses related to information technology, and professional fees related to the listing on Nomu
Saudi Parts Center
Saudi Parts Center operates in wholesale and retail trade and provides auto parts, equipment, marine machinery, industrial machinery, and heavy machinery.
What Now
The company said that its shareholders’ equity amounted to SAR 37.549 million at the end of H1 2022.
Saudi Parts Center earnings up in H1 ⬆️
