Al-Jouf Mineral Water Bottling Co. reported a net profit of SAR 2.3 million in H1 2023, a decline of 18% from SAR 2.8 million in the year-earlier period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 36.08 | 37.49 | 3.9 % |
| Gross Income | 18.53 | 19.74 | 6.5 % |
| Operating Income | 2.91 | 2.84 | (2.5 %) |
| Net Income | 2.81 | 2.31 | (17.8 %) |
| Average Shares | 4.69 | 4.69 | - |
| EPS (Riyals) | 0.60 | 0.49 | (17.8 %) |
This was due to an increase in the costs of raw materials and transportation. In addition, general, administrative and marketing expenses edged higher.
Shareholders’ equity, no minority interest, stood at SAR 85.47 million as of June 30, 2023, compared to SAR 80.89 million a year earlier.
|
Development of Financial Figures |
|||
|
Period |
Revenue |
Net Earnings |
EPS |
|
H1 2020 |
40.66 |
2.27 |
0.48 |
|
H2 2020 |
30.97 |
2.30 |
0.49 |
|
H1 2021 |
32.53 |
2.60 |
0.55 |
|
H2 2021 |
35.10 |
2.10 |
0.45 |
|
H1 2022 |
36.08 |
2.81 |
0.60 |
|
H2 2022 |
37.9 |
2.93 |
0.62 |
|
H1 2023 |
37.5 |
2.3 |
0.53 |
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