Bena Steel H1 2023 profit drops 53% to SAR 5.2 mln

14/08/2023 Argaam Exclusive

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Bena Steel Industries Co.
47.00
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Bena Steel Industries Co. (BENA)

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Bena Steel Industries Co.’s net profit dropped 53% to SAR 5.2 million in H1 2023, compared to SAR 11 million in the year-ago period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 182.07 216.44 18.9 %
Gross Income 19.71 16.42 (16.7 %)
Operating Income 14.33 10.39 (27.5 %)
Net Income 10.95 5.20 (52.5 %)
Average Shares 5.00 5.00 -
EPS (Riyals) 2.19 1.04 (52.5 %)


The profit decline was attributed to lower gross profit due to the sharp fall in the global steel price.

 

Total shareholders’ equity, no minority interest, reached SAR 74.84 million by the end of June 30, 2023, from SAR 74.9 million a year earlier.

 

Historical Development of Financial Statements 

Period 

Revenues

(SAR mln) 

Net Earnings 

(SAR mln)

EPS 

(SAR)

H1 2021 

140.00 

13.37 

2.67 

H2 2021 

118.21 

8.25 

1.65 

H1 2022 

182.07 

10.95 

2.19 

H2 2022 

192.04 

(3.25)  

(0.65) 

H1 2023 

216.44 

5.20  

1.04  

View More Financial Results

 

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

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