MOBI 2022 profit dips 14% to SAR 13.9 mln

30/03/2023 Argaam Exclusive

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Share Price

MOBI Industry Co.
10.64
0.42 4.11 %

MOBI Industry Co. (MOBI INDUSTRY)

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MOBI Industry Co. reported a 14% profit drop to SAR 13.9 million in 2022, from SAR 16.1 million in 2021.



Financials (M)

Item 2021 2022 Change‬
Revenues 170.38 182.39 7.1 %
Gross Income 46.89 47.21 0.7 %
Operating Income 16.82 13.87 (17.5 %)
Net Income 16.13 13.92 (13.7 %)
Average Shares 50.00 50.00 -
EPS (Riyals) 0.32 0.28 (13.7 %)

The fertilizer producer cited an increase in the cost of sales by 2.43% year-on-year (YoY) and in administrative expenses. Finance cost also rose by 232.63% YoY.



Total shareholders’ equity, no minority interest, increased to SAR 66.12 million as of Dec. 31, 2022, from SAR 64.26 million a year earlier.

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