2P-

Perfect Presentation (2P) posted a 26% y-o-y increase in net income to SAR 163.3 mn in FY 2024, supported by a 22.55% rise in operating income and SAR 31 mn in capital gains, which offset higher finance costs and credit loss provisions, according to a disclosure to Tadawul. Meanwhile, the IT services provider saw its revenue fall 5.2% y-o-y to SAR 1.07 bn during the same period due to the completion of certain projects.

ALAMAR-

AlamarFoods’ net income fell 38.1% y-o-y to SAR 35 mn in FY 2024 on the back of one-off costs and declining sales, it said in a disclosure to Tadawul. Revenues decreased 10.1% y-o-y to SAR 891.6 mn during the same period, weighed down by regional geopolitical tensions and Egypt’s currency devaluation, both of which were partially offset as the company ramped up marketing efforts and enhanced customer experience, read the disclosure.

ALSO- The company’s board approved distributing SAR 15.2 mn in dividends for 4Q 2024 at SAR 0.6 per share on 29 April, it said in a separate disclosure.

SCIENTIFIC AND MEDICAL EQUIPMENT HOUSE-

Scientific and Medical Equipment House Company saw its net income drop 34.9% y-o-y to SAR 24.6 mn in FY 2024, dragged by 3x higher than expected credit losses and a small rise in operating costs, according to a disclosure to Tadawul. Revenue was up 12.9% y-o-y to SAR 877.2 mn during the same year, supported by 24% growth in contracting, in addition to strong performance across the medical devices and equipment segment, and landing new projects in non-medical operations, catering, and biomedical sectors.

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