| Item | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 380.17 | 542.09 | 42.6 % |
| Gross Income | 78.83 | 150.37 | 90.8 % |
| Operating Income | 48.03 | 99.99 | 108.2 % |
| Net Income | 35.14 | 75.23 | 114.1 % |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | 3.12 | 6.69 | 114.1 % |
| Item | Q4 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 411.86 | 542.09 | 31.6 % |
| Gross Income | 125.46 | 150.37 | 19.9 % |
| Operating Income | 82.75 | 99.99 | 20.8 % |
| Net Income | 59.47 | 75.23 | 26.5 % |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | 5.29 | 6.69 | 26.5 % |
This was driven by an increase in sales from SAR 380 million to SAR 542 million, in addition to the diversification of the sold products with higher profitability and better gross margins.
On a sequential basis, net profit grew 26.5% from SAR 59.47 million.
Total shareholders’ equity, no minority interest, stood at SAR 734.73 million by March 31, 2024, compared to SAR 666.80 million in a year earlier period.
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