Saudi Top net profit surges 92% to SAR 32.8 mln in 2022

23/03/2023 Argaam Exclusive

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Saudi Top for Trading Co. (SAUDI TOP)

Saudi Top for Trading Co. reported a net profit of SAR 32.8 million for 2022, an increase of 92% from a net profit of SAR 17.1 million in the year-earlier period.  



Financials (M)

Item 2021 2022 Change‬
Revenues 191.77 186.54 (2.7 %)
Gross Income 35.75 54.08 51.3 %
Operating Income 18.05 33.95 88.1 %
Net Income 17.10 32.26 88.7 %
Average Shares 40.00 40.00 -
EPS (Riyals) 0.43 0.81 88.7 %

This was fostered by lower average cost of raw materials and higher average selling prices.



Shareholders’ equity, no minority interest, reached SAR 85.41 million as of Dec. 31, 2022, compared to SAR 58.71 million in a prior year period.  

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