Alwasail Industrial Co.’s net profit grew 10% to SAR 17.7 million in the first half of 2023, compared to SAR 16.2 million in the prior-year period, thanks to a 25% year-on-year jump in sales.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 165.77 | 207.61 | 25.2 % |
| Gross Income | 48.78 | 51.02 | 4.6 % |
| Operating Income | 21.01 | 22.72 | 8.1 % |
| Net Income | 16.18 | 17.73 | 9.6 % |
| Average Shares | 250.00 | 250.00 | - |
| EPS (Riyals) | 0.06 | 0.07 | 9.6 % |
Total shareholders’ equity, no minority interest, increased to SAR 345.12 million by the end of the six-month period, compared to SAR 329.91 million in the year-earlier period.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
149.08 |
17.08 |
0.68 |
|
H2 2020 |
151.98 |
10.58 |
0.42 |
|
H1 2021 |
140.30 |
14.30 |
0.57 |
|
H2 2021 |
163.45 |
16.09 |
0.64 |
|
H1 2022 |
165.77 |
16.18 |
0.65 |
|
H2 2022 |
220.82 |
16.09 |
0.64 |
|
H1 2023 |
207.61 |
17.73 |
0.71 |
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