UMI profit rises 39% to SAR 17.8 mln in H1 2023

24/10/2023 Argaam Exclusive

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United Mining Industries Co. (UMI) posted a SAR 17.8 million profit for H1 2023, an increase of 39% from SAR 12.8 million in the year-earlier period.

 

 



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 122.45 114.76 (6.3 %)
Gross Income 26.00 34.99 34.6 %
Operating Income 15.88 23.13 45.6 %
Net Income 12.81 17.84 39.3 %
Average Shares 14.00 14.00 -
Earnings Per Share before unusual items (Riyals) 0.91 1.27 39.3 %
EPS (Riyals) 0.91 1.27 39.3 %

This was mainly due to a rise in gross profit of 9% and a lower cost of revenue.

 

Shareholders' equity, no minority interest, reached SAR 183.25 million by the end of the period, compared to SAR 161.47 million a year earlier.

 

Historical Financial Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

122.45

12.81

0.91

H2 2022

119.36

19.23

1.37

H1 2023

114.76

17.84

1.27

 

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Share Price

United Mining Industries Co.
40.05
0.05 0.13 %

United Mining Industries Co. (UNITED MINING)

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Financial Ratios
Current
Market Cap (M Riyal) 560.00
Enterprise Value (EV) (M) 654.04
Shares Outstanding ((M)) 14.00
Book Value (BV) ( Riyal) 13.55
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 13.71
Price/book 2.95
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