Mohammed Hasan AlNaqool Sons Co. reported a net loss of SAR 293,000 for 2023, against a net profit of SAR 203,000 a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 43.23 | 43.29 | 0.1 % |
| Gross Income | 5.37 | 5.98 | 11.4 % |
| Operating Income | 0.79 | 2.26 | 185.0 % |
| Net Income | 0.20 | (0.29) | (244.4 %) |
| Average Shares | 2.90 | 2.90 | - |
| EPS (Riyals) | 0.07 | (0.10) | (244.4 %) |
The losses were attributed to a 72% year-on-year (YoY) increase in financial burdens, a 27% surge in depreciation on assets and higher foreign currency exchange differences from a subsidiary.
Shareholders' equity, no minority rights, stood at SAR 50.17 million by the end of 2023, compared with SAR 5 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenues (SAR mln) |
Net Earnings (SAR mln) |
EPS (SAR/Share) |
|
H1 2019 |
16.75 |
2.40 |
0.83 |
|
H2 2019 |
17.60 |
3.85 |
1.33 |
|
H1 2020 |
18.80 |
1.52 |
0.52 |
|
H2 2020 |
26.04 |
4.96 |
1.71 |
|
H1 2021 |
23.25 |
4.04 |
1.39 |
|
H2 2021 |
30.07 |
5.17 |
1.78 |
|
H1 2022 |
23.11 |
0.29 |
0.10 |
|
H2 2022 |
20.12 |
(0.09) |
(0.03) |
|
H1 2023 |
18.77 |
1.15 |
0.40 |
|
H2 2023 |
24.52 |
(1.45) |
(0.50) |
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