United Mining profit rises 12% to SAR 35.8M in 2023

18/03/2024 Argaam Exclusive

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Share Price

United Mining Industries Co.
25.90
0.50 1.97 %

United Mining Industries Co. (UNITED MINING)

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United Mining Industries Co. posted a SAR 35.8 million profit for 2023, an increase of 12% from SAR 32 million in 2022, driven by a change in sales mix.



Financials (M)

Item 2022 2023 Change‬
Revenues 241.81 240.33 (0.6 %)
Gross Income 55.57 71.36 28.4 %
Operating Income 37.70 45.50 20.7 %
Net Income 32.04 35.83 11.8 %
Average Shares 14.00 14.00 -
EPS (Riyals) 2.29 2.56 11.8 %

Meanwhile, revenue edged down marginally due to a decrease in sales of some products.



Shareholders' equity, no minority interest, reached SAR 183.02 million by the end of 2023, compared to SAR 165.41 million a year earlier.

 

Financial Results

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2022

122.45

12.81

0.91

H2 2022

119.36

19.23

1.37

H1 2023

114.76

17.84

1.27

H2 2023

125.57

17.99

1.29

 

 

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