{"id":90366,"date":"2024-10-09T00:00:00","date_gmt":"2024-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/09\/extras-bottom-up-32-1-y-o-y-for-3q-at-sar-156-2-mn\/"},"modified":"2024-10-09T00:00:00","modified_gmt":"2024-10-09T00:00:00","slug":"extras-bottom-up-32-1-y-o-y-for-3q-at-sar-156-2-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/09\/extras-bottom-up-32-1-y-o-y-for-3q-at-sar-156-2-mn\/","title":{"rendered":"eXtra\u2019s bottom up 32.1% y-o-y for 3Q at SAR 156.2 mn,"},"content":{"rendered":"

United Electronics Company (eXtra) reported a 32.1% y-o-y increase in net income to <\/strong>SAR 156.2 mn in 3Q 2024<\/strong>, as un uptick in revenues offset increases in selling, distribution, and general and administrative expenses due to expansions, it said in a disclosure to Tadawul<\/a>. Revenues rose 10.4% during the period to SAR 1.6 bn, buoyed by national day and back to school promotions, a boost in online sales, and portfolio gains. <\/p>\n

On a 9M basis:<\/strong> The company\u2019s bottom line grew 34.9% y-o-y to SAR 356.7, with higher sales offsetting an increase in expenses and non-recurring losses due to a decision to scrap expansion programs in Egypt, as well as other one-off costs. Meanwhile, the firm\u2019s top line increased 10% to 5.1 bn on the back of steady demand in the local market as well as a boost in consumer finance income. <\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues were up 10.4% during the period at SAR 1.6 bn<\/p>\n","protected":false},"author":1,"featured_media":90367,"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":[285,10,211,1059],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam-ksa","tag-retail","tag-united-electronics-company-extra","wpautop","entry"],"acf":{"mongo_id":"1f037a15-e140-45d8-8c3a-fb42c946f91f","order":"13","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2559.jpg","photo_position":"above","homepage_title":"","full_issue_title":"eXtra\u2019s bottom increased 32.1% y-o-y for 3Q at SAR 156.2 mn, revenues up 10.4% at SAR 1.6 bn","related_issue":[90341],"teaser":"Revenues were up 10.4% during the period at SAR 1.6 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.51ba418c-f32f-4477-9423-84858169615e.mp3"},"yoast_head":"\neXtra\u2019s bottom up 32.1% y-o-y for 3Q at SAR 156.2 mn, - 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