NGDC posts 92% leap in H1 2023 profit to SAR 1.8 mln

04/09/2023 Argaam Exclusive
0

Natural Gas Distribution Co. (NGDC) posted a leap of 92% in H1 2023 net profit to SAR 1.8 million, compared to SAR 930,000 in the year-earlier period.

The profit growth was due to higher revenues on an increase in natural gas consumption by the company’s customers, as well as lower operational consumption on the completion of depreciation of some gas network assets and the first natural gas network by the end of 2022.

 

Shareholders equity, no minority interest, came in at SAR 56.26 million as of June 30, 2023, up from SAR 54.61 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 43.25 47.68 10.2 %
Gross Income 3.39 4.50 32.8 %
Operating Income 0.97 1.48 52.6 %
Net Income 0.93 1.78 91.5 %
Average Shares 5.00 5.00 -
Earnings Per Share before unusual items (Riyals) 0.19 0.36 91.5 %
EPS (Riyals) 0.19 0.36 91.5 %

Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR)  

H1 2020 

44.49

2.49

0.50

H2 2020 

44.76

1.93

0.38

H1 2021  

44.93

1.23

0.25

H2 2021  

44.66

1.25

0.25

H1 2022  

43.25

0.93

0.19

H2 2022  

47.76

2.36

0.47

H1 2023  

46.68

1.78

0.36

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Share Price

Natural Gas Distribution Co. (NGDC)

Created with Highstock 6.0.712:3012:3512:4012:4512:5012:5513:0013:0513:1013:1513:2013:2513:3056.0056.5057.0057.5058.0058.5059.0059.5060.0060.5061.0061.5062.00
Close : 61.20 | Feb 18, 12:32


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