Rawasi Albina Investment Co. reported to a 6% decline in net profit after Zakat and tax to SAR 9.5 million in H1 2022, from SAR 10.1 million in the year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 45.45 | 55.39 | 21.9 % |
| Gross Income | 14.31 | 16.28 | 13.7 % |
| Operating Income | 11.72 | 13.04 | 11.3 % |
| Net Income | 10.08 | 9.47 | (6.1 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.18 | 0.17 | (6.1 %) |
The lower profit was attributed to higher material costs, general and administrative expenses (G&A), as well as finance costs.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 23.65 | 26.24 | 11.0 % |
| Gross Income | 8.04 | 7.60 | (5.5 %) |
| Operating Income | 6.67 | 5.91 | (11.4 %) |
| Net Income | 5.66 | 4.07 | (28.1 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.10 | 0.07 | (28.1 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 29.15 | 26.24 | (10.0 %) |
| Gross Income | 8.68 | 7.60 | (12.4 %) |
| Operating Income | 7.13 | 5.91 | (17.2 %) |
| Net Income | 5.39 | 4.07 | (24.5 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.10 | 0.07 | (24.5 %) |
Shareholders’ equity, after minority interest, reached SAR 102.492 million as of June 30, 2022, up from SAR 85.575 million a year earlier.
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