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Thndr Claps » Saudi Claps » Tadawul 🔔 » Elm’s profits jump 53% in Q3-2022

Elm’s profits jump 53% in Q3-2022

by Shams Abbas
November 6, 2022

The Clap
Elm (2703), which offers full-fledged digital solutions, saw a 53% increase in its Q3-2022 net profits

Profit drivers
A 67% spike in the company’s digital business revenues coupled with a 30% rise in its professional services revenues more than offset revenue drops elsewhere.

You should know
The Public Investment Fund (PIF) owns a 67% stake in Elm.

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