‎2P’s strong results driven by all business units: CEO

‎2P’s strong results driven by all business units: CEO

Perfect Presentation for Commercial Services Co. (2P) continued to report strong results and constant growth, driven by the performance of all business units. The company achieved the target revenues and net profit for Q1 2023, CEO, Ehssan Doughman, told Argaam in an interview.

All segments had almost the same contribution to the company’s quarterly profit, with a slightly higher contribution by the customer experience segment. Further, 2P’s product volume maintained the same level of the first quarter of 2022.

The company’s project revenues reached nearly SAR 215 million in Q1 2023, compared to SAR 103 million in Q1 2022. The value of projects under construction is expected to total SAR 1.8 billion, exclusive of VAT.

Total debts stood at SAR 290 million, divided into SAR 4.7 million and SAR 285.3 million long and short-term debts, respectively, Doughman noted, adding that these loans are used to finance operations.

Moreover, the operation of Al-Noor Specialist Hospital in Makkah Al-Mukarramah ensures a preventive maintenance three times a month. The company also has a contract with an Avaya agent. 2P conducted a cyber security test for the hospital’s website, in addition to a monthly training plan for employees. The project contributed to recruiting 18 employees.

“We are confident that