Tam Development Company has announced its preliminary financial results for the six-month period ending June 30, 2024. The financial results revealed significant growth in both revenue and net profit compared to the same period of the previous year. Key Financial Highlights Compared to the Same Period Last Year: - Sales/Revenue: Increased by 92.17% to SAR 120,700,929, compared to SAR 62,810,514 in the same period last year. - Net Profit: Rose by 54.49% to SAR 37,747,746, compared to SAR 24,434,354. - Total Equity (excluding non-controlling interests): Grew by 53.09% to SAR 117,713,550, compared to SAR 76,891,155. - Earnings Per Share (EPS): Reached SAR 3.47, compared to SAR 1.45 in the same period last year. Reasons for Growth: - Increased company activity and sales, leading to a 92.2% rise in revenue during the first half of 2024. - Gross profit surged by 54.5% compared to the same period last year. - Operating profit increased by 85.8%.