Atlas Elevators H1 2023 profit jumps 58% to SAR 8.3 mln

05/10/2023 Argaam Exclusive

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Share Price

Atlas Elevators General Trading and Contracting Co.
19.74
(0.12) (0.60 %)

Atlas Elevators General Trading and Contracting Co. (ATLAS ELEVATORS)

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Atlas Elevators General Trading & Contracting Co. reported a 58% rise in H1 2023 net profit to SAR 8.3 million, compared to SAR 5.3 million in the first half of 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 37.61 33.55 (10.8 %)
Gross Income 13.45 15.99 18.9 %
Operating Income 5.08 7.75 52.6 %
Net Income 0.07 0.05 (20.6 %)
Average Shares 4.80 4.80 -
EPS (Riyals) 0.01 0.01 (20.6 %)

The profit growth was driven by lower cost of sales.



Shareholders' equity, no minority interest, reached SAR 68.86 million at the end of the period, compared to SAR 58.49 million a year before.

 

Historical Change of Financial Data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2022

37.61

5.27

1.10

H2 2022

39.73

4.26

0.89

H1 2023

33.55

8.30

1.73

 

View more financial results

 

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