PIF-owned elm sees 59 percent profit increase from higher revenue – Henry’s Club

RIYADH: Saudi-based digital security firm Elm Company saw its profit rise 59 percent in the first half of 2022 due to increased revenue.

According to an exchange filing, its profit increased to SR444 million ($118 million) compared to SR279 million in the first half of last year.

It reported a revenue jump of 19 percent to SR2.13 billion, buoyed by 30 percent more sales from digital business units and 83 percent from business process outsourcing.