Alhasoob Co. reported a net profit after Zakat and tax of SAR 3.4 million in H1 2022, a slump of 40%, compared to SAR 5.7 million in the prior-year period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 110.18 | 99.12 | (10.0 %) |
| Gross Income | 10.11 | 11.06 | 9.5 % |
| Operating Income | 6.02 | 4.12 | (31.5 %) |
| Net Income | 5.67 | 3.42 | (39.7 %) |
| Average Shares | 2.80 | 2.80 | - |
| EPS (Riyals) | 2.02 | 1.22 | (39.7 %) |
This was triggered by a year-on-year (YoY) drop in revenue and exports, amid a YoY rise in selling and administrative expenses.
Total shareholders’ equity, excluding minority interest, stood at SAR 32.479 million by the end of H1 2022, compared to SAR 22.822 million in the year-earlier period.
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