MOBI Industry Co. reported a net profit leap of 86% to SAR 17.6 million in the first half of 2023 from SAR 9.5 million in the prior-year period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 97.76 | 100.75 | 3.1 % |
| Gross Income | 24.57 | 35.84 | 45.8 % |
| Operating Income | 9.19 | 18.48 | 101.2 % |
| Net Income | 9.48 | 17.62 | 85.9 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 0.19 | 0.35 | 85.9 % |
The profit rise was spurred by higher sales, as detergents sales jumped by 12.12% year-on-year (YoY). MOBI also recorded a decline of 10.43% YoY in the cost of goods sold.
Shareholders’ equity, no minority interest, increased to SAR 77.95 million as of June 30, 2023, from SAR 69.14 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
96.03 |
11.05 |
0.22 |
|
H2 2020 |
84.40 |
6.33 |
0.13 |
|
H1 2021 |
86.90 |
12.21 |
0.24 |
|
H1 2022 |
83.48 |
3.92 |
0.08 |
|
H1 2021 |
97.76 |
9.48 |
0.19 |
|
H2 2022 |
93.00 |
4.44 |
0.09 |
|
H1 2023 |
100.75 |
17.62 |
0.34 |
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