RIYADH: Outdoor advertising provider Arabian Contracting Services Co., known as Al Arabia, has posted a 63 percent surge in its profit during the first half of 2022.
The Riyadh-based firm, partly owned by media giant MBC group, saw its net profit rising to SR128 million ($34 million) from SR79 million during the same period last year, a bourse filing revealed.
Economic recovery, along with a continued digitization push in the Kingdom, led to an 80 percent increase in revenues year-on-year to SR551 million.
Al Arabia said that digital transformation led to an expansion in its client base in the current year to include new sectors, which, in turn, propelled solid first-half figures.
It added that the results were bolstered by the company's efforts to enhance regional expansion and enter new projects and strategic partnerships.
