Knowledge Tower profit drops 16% to SAR 5.1 mln in H1 2023/24

16/11/2023 Argaam Exclusive

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Share Price

Knowledge Tower Trading Co.
5.79
(0.14) (2.36 %)

Knowledge Tower Trading Co. (KNOWLEDGE TOWER)

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Knowledge Tower Trading Co. reported a net profit drop of 16% to SAR 5.1 million for the six-month period ended Sept. 30, 2023, from SAR 6.1 million a year earlier due to higher operating expenses.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 20.94 21.42 2.3 %
Gross Income 9.07 9.14 0.8 %
Operating Income 6.22 5.23 (15.9 %)
Net Income 6.11 5.13 (16.1 %)
Average Shares 17.50 17.50 -
EPS (Riyals) 0.35 0.29 (16.1 %)


Total shareholders’ equity, no minority interest, declined to SAR 24.12 million by the end of the six-month period, from SAR 27.18 million a year earlier.

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