National Building H1 2022 net profit rises 27% to SAR 31.8 mln

24/08/2022 Argaam Exclusive

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National Building and Marketing Co. (NBM)

National Building and Marketing Co. (NBM) reported a net profit after Zakat and tax of SAR 31.8 million in H1 2022, an increase of 27%, compared to SAR 25.1 million in the prior-year period. 



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 298.03 320.75 7.6 %
Gross Income 35.76 43.42 21.4 %
Operating Income 28.72 34.49 20.1 %
Net Income 25.09 32.65 30.1 %
Average Shares 12.00 12.00 -
EPS (Riyals) 2.09 2.72 30.1 %

This was triggered by a 13.71% higher revenue year-on-year (YoY) and a 17.48% increase YoY in net operating profit, in addition to higher total comprehensive income. 



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 175.33 160.64 (8.4 %)
Gross Income 21.04 21.56 2.5 %
Operating Income 16.90 16.46 (2.6 %)
Net Income 14.76 15.86 7.4 %
Average Shares 12.00 12.00 -
EPS (Riyals) 1.23 1.32 7.4 %

Total shareholders’ equity, excluding minority interest, stood at SAR 273.159 million by the end of H1 2022, compared to SAR 241.411 million in the year-earlier period.

 

The company’s profit from associates rose 10.04% YoY to SAR 1.264 million by the end of H1 2022.

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