Lumi’s 9M 2024 profit falls 3% to SAR 130.8M; Q3 at SAR 40.1M

04/11/2024 Argaam Exclusive

Lumi Rental Co. reported a 3.1% drop in net profit to SAR 130.8 million in the first nine months of 2024, compared to SAR 135 million a year ago.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 791.42 1,147.64 45.0 %
Gross Income 267.60 325.00 21.4 %
Operating Income 183.26 237.06 29.4 %
Net Income 134.99 130.86 (3.1 %)
Average Shares 55.00 55.00 -
EPS (Riyals) 2.45 2.38 (3.1 %)

The profit decline was attributed to an increase in financing costs (FCs) by 2.4 times to SAR 102 million on higher borrowing levels.

 

However, the performance of all business segments from Q1 to Q3 2024 contributed to revenue growth in all operating segments, resulting in a 45% hike in revenue to SAR 1.15 billion in 9M 2024.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 291.39 403.12 38.3 %
Gross Income 94.92 116.25 22.5 %
Operating Income 53.00 76.40 44.2 %
Net Income 34.96 40.14 14.8 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.64 0.73 14.8 %

The third-quarter net profit rose 14.8% to SAR 40.1 million from SAR 34.96 million in Q3 2023, supported by strong revenues.

 

Sequentially, net profit sank 12.8% from SAR 46 million in Q2 2024.

 

Total shareholders’ equity, no minority interest, rose to SAR 1.16 billion as of Sept. 30, 2024, from SAR 993.72 million a year earlier.

 

View More Financial Results

 

Quarterly Actuals vs Estimates 04/11/2024

more

View other reports

Share Price

Lumi Rental Co.
77.10
0.60 0.78 %

Lumi Rental Co. (LUMI)

More


Financial Ratios
Current
Market Cap (M Riyal) 4,240.50
Enterprise Value (EV) (M) 6,063.54
Shares Outstanding ((M)) 55.00
EPS ( Riyal) (TTM) 2.85
Book Value (BV) ( Riyal) 21.11
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.58
P/E (TTM) 27.10
Price/book 3.65
Return on Average Assets (%) (TTM) 5.3
Return on Average Equity (%) (TTM) 14.5
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request