‎Saudi Networkers Services posts revenue growth to SAR 156 mln by end of April 2022

‎Saudi Networkers Services posts revenue growth to SAR 156 mln by end of April 2022

Saudi Networkers Services Co. (SNS) adopted an expansion and growth strategy as part of its development vision, posting revenue growth of nearly SAR 156 million by the end of April 2022, maintaining the same growth in the year-earlier period. Net profit reached SAR 15.7 million, up from SAR 11.2 million a year earlier.

Saudi Networkers Services Company (SNS) adopts a growth and expansion methodology in its developmental vision. As of 30 April 2022, SNS revenues reached around SAR 156 million, which is mostly equivalent to the revenues realized in the same period in 2021. Its net profit reached SAR 15.7 million, indicating a net profit margin at 10.06%, compared to a net profit of SAR 11.2 million at 7.12% during the same period of the last year.

SNS revenues were generated from the telecommunications sector at 38.9%, the banking sector at 23.8%, the government and semi-governmental sector at 13.9%, the information technology sector at 11.6%, the services sector at 8.3% and various sectors at 3.6%i.

Saudi Networkers Services Company has launched several initiatives, such as nationalization of jobs, contribution to reducing unemployment rate and increasing women's participation in the labor force by providing employment opportunities for the female citizens. The company has also