Business

ADES: Net profit soared 114% on record revenue and global expansion, with strong outlook ahead

ADES: Net profit soared 114% on record revenue and global expansion, with strong outlook ahead

Ades Holding CompanyNovember 5, 20244
ADES: Net profit soared 114% on record revenue and global expansion, with strong outlook ahead

About this update from Ades Holding Company

Net profit more than doubled year-over-year to SAR 606.3 million on 51.3% revenue growth, with record quarterly revenue and strong EBITDA margin expansion. Strategic acquisitions and new contracts in Southeast Asia and the Middle East support a robust outlook. Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

View stock analysis, news, and events for Ades Holding Company