Alhasoob net profit slides to SAR 1.7M in 2023

31/03/2024 Argaam Exclusive

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Share Price

Alhasoob Co.
52.60
(0.40) (0.75 %)

Alhasoob Co. (ALHASOOB)

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Alhasoob Co.’s net profit slumped by 74% to SAR 1.7 million in 2023, compared to SAR 6.7 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 220.24 229.81 4.3 %
Gross Income 20.65 14.36 (30.5 %)
Operating Income 8.20 2.94 (64.2 %)
Net Income 6.66 1.74 (73.8 %)
Average Shares 2.80 2.80 -
EPS (Riyals) 2.38 0.62 (73.8 %)

This was attributed to lower exports and decreased product profit margins on abundant supply and fierce competition.



Total shareholders’ equity, no minority interest, stood at SAR 37.19 million by Dec. 31, 2023, compared to SAR 35.55 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2020

120.74

4.60

1.64

H2 2020

134.63

6.43

2.30

H1 2021

110.18

5.67

2.02

H2 2021

146.28

6.28

2.25

H1 2022

99.12

3.42

1.22

H2 2022

121.12

3.24

1.16

H1 2023

105.89

1.43

0.51

H2 2023

123.92

0.31

0.11

 

View More Financial Results

 

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