Clean Life H1 2023 net profit up 30% to SAR 5.3 mln

24/10/2023 Argaam Exclusive

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Share Price

Clean Life Co.
97.00
0.00 0.00 %

Clean Life Co. (CLEAN LIFE)

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Clean Life Co. reported a net profit of SAR 5.3 million in the first six months of 2023, a 30% increase from SAR 4.1 million a year earlier, as revenues rose 52.96% year-on-year.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 15.25 23.32 53.0 %
Gross Income 11.56 17.00 47.1 %
Operating Income 4.35 5.35 22.9 %
Net Income 4.08 5.33 30.5 %
Average Shares 1.50 1.50 -
EPS (Riyals) 2.72 3.55 30.5 %


Total shareholders’ equity, no minority interest, stood at SAR 16.85 million by the end of H1 2023, compared to SAR 19.02 million in the year-earlier period.

Quarterly Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

15.25

4.08

8.16

H2 2022

17.96

4.26

2.84

H1 2023

23.32

5.33

3.55

 

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