National Building H1 2024 profit dips 41% to SAR 15.4M

28/08/2024 Argaam Exclusive

National Building and Marketing Co.’s net profit (excluding minority interest) dropped to SAR 15.4 million in the first half of 2024, down 41% from SAR 26.2 million in the year before.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 316.46 345.86 9.3 %
Gross Income 42.00 52.14 24.1 %
Operating Income 32.50 40.89 25.8 %
Net Income 26.24 15.38 (41.4 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 2.19 1.28 (41.4 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 316.46 345.86 9.3 %
Gross Income 42.00 52.14 24.1 %
Operating Income 32.50 40.89 25.8 %
Net Income 26.24 15.38 (41.4 %)
Average Shares 12.00 12.00 -
EPS (Riyals) 2.19 1.28 (41.4 %)

This earnings decline was mainly due to a 39.29% year-on-year (YoY) rise in financing costs in the first six months of the year.

 

However, sales in the iron, billet, and reinforcement segments improved by 12.43% YoY in the same period.

 

Shareholders’ equity, after minority interest, reached SAR 311.21 million as of June 30, 2024, compared to SAR 291.45 million a year earlier.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

298.03

25.09

2.09

H2 2021

380.39

48.31

4.03

H1 2022

320.75

32.65

2.72

H2 2022

331.44

6.09

0.51

H1 2023

316.46

26.24

2.19

H2 2023

384.15

4.37

0.36

H1 2024

345.86

15.24

1.27

 

View More Financial Results

 

View other reports

Share Price

National Building and Marketing Co.
201.80
2.00 1.00 %

National Building and Marketing Co. (NBM)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,421.60
Enterprise Value (EV) (M) 2,790.97
Shares Outstanding ((M)) 12.00
Book Value (BV) ( Riyal) 24.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 8.19
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