Al Hassan Ghazi Ibrahim Shaker Co. announces a strong start to FY24, reporting a 12.09% YoY increase in net profit to reach SAR 32.25 million in Q1-FY24
Operating income of SAR 31.35 million , up 9.59% YoY, primarily driven by higher revenues, and gross profit, offsetting the higher SG&A expenses in line with increased strategic marketing efforts. , up 9.59% YoY, primarily driven by higher revenues, and gross profit, offsetting the higher SG&A expenses in line with increased strategic marketing efforts. Net profit 1 of SAR 32.25 million , up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs. of , up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs. Shaker continued to expand its digital footprint, as its e-commerce platform experienced strong growth driven by ongoing efforts to improve user experience and broaden online offerings.
Source: The Bubble May 12, 2024 13:16 UTC
