{"id":83434,"date":"2024-02-14T00:00:00","date_gmt":"2024-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/"},"modified":"2024-02-14T00:00:00","modified_gmt":"2024-02-14T00:00:00","slug":"extras-net-profits-dip-11-3-in-2023-revenues-up-2-8","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/","title":{"rendered":"eXtra\u2019s net profits dip 11.3% in 2023, revenues up 2.8%"},"content":{"rendered":"

United Electronics Company (eXtra)\u2019s net income fell 11.3% y-o-y to SAR 390.5 mn in FY <\/strong>2023<\/strong>, it said in a disclosure to Tadawul<\/a> yesterday. Its revenues were up 2.8% y-o-y in the same period to SAR 6.2 bn. The company said the drop in net income came as it put on pause its expansion in Egypt and spent more on sales, marketing, and administrative expenses.<\/p>\n

Revenues were up last year on the back of a slight uptick in retail sales<\/strong> and higher revenues from eXtra services and consumer finance.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company\u2019s revenues saw a rise of 2.8% y-o-y reaching SAR 6.2 bn<\/p>\n","protected":false},"author":1,"featured_media":83435,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[285,10,1059],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam-ksa","tag-united-electronics-company-extra","wpautop","entry"],"acf":{"mongo_id":"85ff9c0b-9b8c-440b-8f04-6433aded4ac4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1277.jpg","photo_position":"above","homepage_title":"","full_issue_title":"eXtra\u2019s net profits took an 11.3% dip in 2023, revenues up 2.8%","related_issue":[83419],"teaser":"The company\u2019s revenues saw a rise of 2.8% y-o-y reaching SAR 6.2 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.f3084ae0-fd3c-4ca1-b920-6b0d876c4dd2.mp3"},"yoast_head":"\neXtra\u2019s net profits dip 11.3% in 2023, revenues up 2.8% - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"eXtra\u2019s net profits dip 11.3% in 2023, revenues up 2.8%\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s revenues saw a rise of 2.8% y-o-y reaching SAR 6.2 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1277.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"eXtra\u2019s net profits dip 11.3% in 2023, revenues up 2.8%\",\"datePublished\":\"2024-02-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1277.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EARNINGS WATCH\",\"EnterpriseAM KSA\",\"United Electronics Company (Extra)\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/14\/extras-net-profits-dip-11-3-in-2023-revenues-up-2-8\/\",\"name\":\"eXtra\u2019s net profits dip 11.3% in 2023, revenues up 2.8% - 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