Arabian Centres Co. (Cenomi Centers) reported a 49% growth in net profit before minority interest to SAR 1.5 billion in 2023, compared to SAR 1 billion a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 2,206.70 | 2,253.67 | 2.1 % |
| Gross Income | 1,845.67 | 1,870.19 | 1.3 % |
| Operating Income | 1,471.37 | 1,266.51 | (13.9 %) |
| Net Income | 1,007.09 | 1,515.00 | 50.4 % |
| Average Shares | 475.00 | 475.00 | - |
| EPS (Riyals) | 2.12 | 3.19 | 50.4 % |
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 550.84 | 543.92 | (1.3 %) |
| Gross Income | 458.83 | 458.25 | (0.1 %) |
| Operating Income | 316.71 | 589.10 | 86.0 % |
| Net Income | 391.18 | 506.46 | 29.5 % |
| Average Shares | 475.00 | 475.00 | - |
| EPS (Riyals) | 0.82 | 1.07 | 29.5 % |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 567.70 | 543.92 | (4.2 %) |
| Gross Income | 462.76 | 458.25 | (1.0 %) |
| Operating Income | 335.25 | 589.10 | 75.7 % |
| Net Income | 286.54 | 506.46 | 76.7 % |
| Average Shares | 475.00 | 475.00 | - |
| EPS (Riyals) | 0.60 | 1.07 | 76.7 % |
In Q4 2023, net profit rose to SAR 482.3 million, from SAR 378.87 million.
On a quarterly basis, net profit increased 68.3% from SAR 293.6 million in Q3 2023.
Total shareholders’ equity, after minority interest, stood at SAR 14.3 billion by Dec. 31, 2023, compared to SAR 14 billion a year ago.
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