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.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 122.45 | 114.76 | (6.3 %) |
| Gross Income | 26.00 | 34.99 | 34.6 % |
| Operating Income | 15.89 | 23.13 | 45.6 % |
| Net Income | 12.81 | 17.84 | 39.3 % |
| Average Shares | 14.00 | 14.00 | - |
| EPS (Riyals) | 0.91 | 1.27 | 39.3 % |
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 60.51 | 54.57 | (9.8 %) |
| Gross Income | 9.81 | 15.41 | 57.1 % |
| Operating Income | 5.49 | 8.83 | 61.0 % |
| Net Income | 3.45 | 6.51 | 88.8 % |
| Average Shares | 14.00 | 14.00 | - |
| EPS (Riyals) | 0.25 | 0.46 | 88.8 % |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 60.19 | 54.57 | (9.3 %) |
| Gross Income | 19.58 | 15.41 | (21.3 %) |
| Operating Income | 14.30 | 8.83 | (38.3 %) |
| Net Income | 11.34 | 6.51 | (42.6 %) |
| Average Shares | 14.00 | 14.00 | - |
| EPS (Riyals) | 0.81 | 0.46 | (42.6 %) |
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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