iOud profit rises to SAR 721,000 in H1 2023

09/10/2023 Argaam Exclusive

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Share Price

Intelligent Oud Company for Trading
51.50
0.00 0.00 %

Intelligent Oud Company for Trading (IOUD)

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Intelligent Oud Co. (iOud) reported an increase in net profit to SAR 721,000 in the first half of 2023, from SAR 315,000 in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 7.13 7.89 10.7 %
Gross Income 4.90 6.09 24.3 %
Operating Income 0.88 1.71 93.3 %
Net Income 0.32 0.72 128.6 %
Average Shares 1.30 1.30 -
EPS (Riyals) 0.24 0.55 128.6 %


The higher profit was driven by better sales and a decline in costs.

 

Shareholders’ equity, no minority interest, stood at SAR 22.73 million as of June 30, 2023, up from SAR 22.01 million a year earlier.

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