Rawasi Albina Investment Co. reported a net profit of SAR 15.12 million in the first half of 2023, a jump of 59.77% compared to SAR 9.46 million in the same period a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 55.39 | 94.20 | 70.1 % |
| Gross Income | 16.28 | 24.65 | 51.4 % |
| Operating Income | 13.04 | 20.91 | 60.3 % |
| Net Income | 9.47 | 15.13 | 59.8 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.17 | 0.28 | 59.8 % |
This was spurred by higher revenues and remarkable growth in infrastructure and telecom projects.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 26.24 | 46.78 | 78.3 % |
| Gross Income | 7.60 | 14.26 | 87.7 % |
| Operating Income | 5.91 | 12.27 | 107.7 % |
| Net Income | 4.07 | 8.36 | 105.2 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.07 | 0.15 | 105.2 % |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 47.43 | 46.78 | (1.4 %) |
| Gross Income | 10.38 | 14.26 | 37.4 % |
| Operating Income | 8.64 | 12.27 | 42.0 % |
| Net Income | 6.77 | 8.36 | 23.5 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.12 | 0.15 | 23.5 % |
Shareholders’ equity, after deducting minority interest, reached SAR 130.03 million as of June 30, 2023, compared to SAR 102.49 million in a year earlier period.
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