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Thndr Claps » Saudi Claps » Earnings 📈 » Al Hokair profits rise in Q2 🛍️

Al Hokair profits rise in Q2 🛍️

by Omar El Shorafa
November 2, 2022

The Clap
Al Hokair’s (4240) net profit increased by 11.48% during the company’s fiscal Q2 2022.

The Deets
The company recorded a net profit of SAR 23.3 million, a YoY increase compared to SAR 20.9 million.

Profits
The company justified the increase in net profits to revenues maintaining their level of approximately SAR 1.37 billion, a decrease in SG&A costs by 2.7%, and a decrease in net financing costs by 41.7%.

Al Hokair
Al Hokair is one of the leading retail companies in Saudi Arabia and the Middle East for ready-made garments, fabrics, shoes, and perfumes.

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