Financial
Performance
Highlights of the Group’s operating results in 2023 compared to 2022
Income statement|
Statement (SAR’000) |
2023 Consolidated |
2022* Consolidated |
Difference |
% |
|
Revenues |
72,336,611 | 67,431,546 | 4,905,065 | 7.3% |
|
Cost of revenues |
(34,532,921) | (30,038,291) | (4,494,630) | 15.0% |
|
Gross profit |
37,803,690 |
37,393,255 |
410,435 |
1.1% |
|
Total operating expenses |
(23,603,256) |
(22,304,814) |
(1,298,442) |
5.8% |
|
EBITDA |
24,683,011 |
25,078,667 |
(395,656) |
(1.6%) |
|
Other income and expenses |
594,543 |
(1,618,344) |
2,212,887 |
136.7% |
|
Zakat and income tax |
(1,375,498) |
(1,083,175) |
(292,323) |
27.0% |
|
Net Profit attributable to stc’s Equity holders of the Parent Company |
13,295,381 |
12,170,537 |
1,124,844 |
9.2% |
|
Net Profit attributable to non-controlling interests |
124,098 |
216,385 |
(92,287) |
(42.6%) |
|
Net Profit |
13,419,479 |
12,386,922 |
1,032,557 |
8.3% |
