Ladun Investment H1 2023 profit surges to SAR 73.2 mln

23/08/2023 Argaam Exclusive

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Share Price

Ladun Investment Company
6.63
(0.03) (0.45 %)

Ladun Investment Company (LADUN)

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Ladun Investment Co.'s net earnings in H1 2023 soared to SAR 73.2 million, compared with SAR 30 million a year earlier.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 513.89 652.13 26.9 %
Gross Income 81.88 147.04 79.6 %
Operating Income 43.16 79.76 84.8 %
Net Income 30.01 73.15 143.7 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.06 0.15 143.7 %

This was driven by an improvement in the real estate segment, especially as the company's new and ongoing projects have a significant profit margin.



Shareholders’ equity, no minority interest, rose to SAR 602.29 million as of June 30, 2023, from SAR 544.16 million a year earlier. 

 

Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR/Share)  

H1 2021

402.40

73.49

0.15

H2 2021

367.42

7.31

0.01

H1 2022

513.89

30.01

0.06

H2 2022

367.29

30.18

0.06

H1 2023

652.13

73.15

0.15

 

 

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