Natural Gas Distribution Co. (NGDC) reported a 33% profit jump to SAR 3.3 million in 2022, from SAR 2.5 million in 2021, thanks to higher sales and other revenue.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 89.59 | 91.01 | 1.6 % |
| Gross Income | 8.43 | 7.97 | (5.5 %) |
| Operating Income | 2.85 | 3.14 | 10.4 % |
| Net Income | 2.48 | 3.29 | 32.6 % |
| Average Shares | 5.00 | 5.00 | - |
| EPS (Riyals) | 0.50 | 0.66 | 32.6 % |
The natural gas producer recorded a decline in general and administrative expenses, compared to 2021.
Total shareholders’ equity, no minority interest, increased to SAR 56.98 million as of Dec. 31, 2022, from SAR 56.19 million a year earlier.
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