4Sight Holdings Reports Strong Fiscal Year 2023 Financial Performance

Multinational technology group 4Sight showcases significant growth in revenue, profit, and earnings per share.

4Sight Holdings, a leading multinational technology group, has unveiled its reviewed condensed consolidated interim financial results for the twelve-month period ending on December 31, 2023. The report reveals remarkable growth across various financial metrics compared to the preceding year.

The key highlights of the financial results are as follows:

  • Revenue Surge: The company experienced a substantial increase in revenue, with a surge of 34.9% to SAR 939,180,307 in 2023 compared to SAR 696,008,554 recorded in the previous fiscal year.
  • Robust Operating Profit: Operating profit witnessed robust growth, soaring by 70.6% to SAR 37,652,046 in 2023 from SAR 22,075,612 reported in 2022.
  • Impressive Earnings Per Share: Headline earnings per share exhibited an impressive rise of 127.8%, reaching 5.420 cents in 2023 compared to 2.379 cents in the previous year. Similarly, earnings per share also saw a significant increase of 127.9% to 5.420 cents from 2.378 cents in 2022.
  • Increased Dividend: Reflecting its strong financial performance, 4Sight Holdings declared a dividend per share of 2.500 cents for the fourth quarter of 2023, marking a substantial increase compared to the previous year.

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