Al-Jouf Mineral Water’s H1 2022 net profit rises 8% to SAR 2.8 mln

15/08/2022 Argaam Exclusive

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Aljouf Mineral Water Bottling Co. (ALJOUF WATER)

Al-Jouf Mineral Water Bottling Co. reported a net profit after Zakat and tax of SAR 2.8 million in H1 2022, an increase of 8% from SAR 2.6 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 32.53 36.08 10.9 %
Gross Income 16.92 18.53 9.5 %
Operating Income 2.76 2.91 5.7 %
Net Income 2.60 2.81 8.2 %
Average Shares 4.69 4.69 -
EPS (Riyals) 0.55 0.60 8.2 %

This was triggered by a 10.92% year-on-year (YoY) revenue growth to SAR 36.08 million during the six-month period.



Total shareholders’ equity, excluding minority interest, stood at SAR 80.89 million by the end of H1 2022, compared to SAR 55.84 million in the year-earlier period.

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