MOBI’s profit surges 86% to SAR 17.6 mln in H1 2023

29/08/2023 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.
0

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.

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.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 97.76 100.41 2.7 %
Gross Income 24.57 35.50 44.4 %
Operating Income 9.19 18.14 97.4 %
Net Income 9.48 17.62 85.9 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyals) 0.19 0.35 85.9 %
EPS (Riyals) 0.19 0.35 85.9 %

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

 

View more financial results

 

View other reports

Share Price

MOBI Industry Co.
14.00
0.32 2.34 %

MOBI Industry Co. (MOBI INDUSTRY)

More


Financial Ratios
Current
Market Cap (M Riyal) 684.00
Enterprise Value (EV) (M) 674.30
Shares Outstanding ((M)) 50.00
Book Value (BV) ( Riyal) 1.67
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 18.19
Price/book 8.21
more

Kindly, you can view the full report by subscribing to the Advanced Package

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments 0

Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website