Keir International posts 17% profit rise to SAR 19.8 mln in 2022

30/03/2023 Argaam Exclusive

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KEIR International Co.
4.20
0.12 2.94 %

KEIR International Co. (KEIR)

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Keir International Co. reported a 17% jump in 2022 net profit to SAR 19.8 million, compared to SAR 16.9 million in the year-earlier period.



Financials (M)

Item 2021 2022 Change‬
Revenues 169.37 171.41 1.2 %
Gross Income 34.22 44.52 30.1 %
Operating Income 23.04 27.84 20.8 %
Net Income 16.94 19.84 17.1 %
Average Shares 120.00 120.00 -
EPS (Riyals) 0.14 0.17 17.1 %

The year-on-year (YoY) profit growth was spurred by higher operational efficiency and a rise in revenues.



Shareholders’ equity, no minority interest, reached SAR 241.83 million, compared to SAR 234.46 million a year earlier.

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