Keir International Co.’s net profit reached SAR 1.3 million for the first six months of 2023, a decline of 81% year-on-year (YoY), from SAR 6.6 million in a year earlier period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 63.59 | 77.56 | 22.0 % |
| Gross Income | 16.78 | 15.01 | (10.6 %) |
| Operating Income | 8.52 | 6.19 | (27.4 %) |
| Net Income | 6.64 | 1.29 | (80.5 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.06 | 0.01 | (80.5 %) |
This is driven by higher cost of sales and suppliers’ raising prices on increased cost of finance.
Keir expanded its business portfolio by entering into new sectors and winning new projects, which weighed on the projects’ profit margins for the same period.
Shareholders’ equity, excluding minority interest, reached SAR 234.200 million by June 30, 2023, compared to SAR 232.608 million a year earlier.
|
Quarterly Statements |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/share) |
|
H1 2021 |
56.65 |
4.06 |
0.03 |
|
H2 2021 |
112.72 |
12.88 |
0.11 |
|
H1 2022 |
63.59 |
6.64 |
0.06 |
|
H2 2022 |
107.82 |
13.2 |
0.11 |
|
H1 2023 |
77.56 |
1.29 |
0.01 |
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
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}