Halwani Bros posts SAR 26.3M profit in 9M 2024; Q3 at SAR 15.5M

29/10/2024 Argaam Exclusive

Halwani Bros. Co. turned to a net profit of SAR 26.3 million in the first nine months of 2024, against a net loss of SAR 70.6 in 9M 2023.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 649.10 732.00 12.8 %
Gross Income 129.30 219.70 69.9 %
Operating Income (35.00) 85.20 343.4 %
Net Income (70.62) 26.30 137.2 %
Average Shares 35.36 35.36 0.0 %
EPS (Riyals) (2.00) 0.74 137.2 %

The positive results were attributed to an increase in export sales, focus on geographical expansion by boosting sales channels and restructuring sales management, change in sales policies for Saudi Arabia, and improvement in sales mix by focusing on the most profitable products.

 

Halwani Bros witnessed lower selling, distribution, general and administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 206.80 248.50 20.2 %
Gross Income 24.10 72.90 202.5 %
Operating Income (29.80) 29.20 198.0 %
Net Income (42.49) 15.50 136.5 %
Average Shares 35.36 35.36 0.0 %
EPS (Riyals) (1.20) 0.44 136.5 %

In Q3 2024, the company swung to a net profit of SAR 15.5 million, from a net loss of SAR 42.49 million in Q3 2023, on higher sales mainly in Saudi Arabia.

 

The company registered a net profit of SAR 15.3 million in the previous quarter.

 

Shareholders’ equity, no minority interest, reached SAR 273.6 million by Sept. 30, 2024, compared to SAR 335.9 million in the prior-year period.

View More Financial Results

 

View other reports

Share Price

Halwani Bros. Co.
61.30
0.50 0.82 %

Halwani Bros. Co. (HB)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,167.57
Enterprise Value (EV) (M) 2,428.68
Shares Outstanding ((M)) 35.36
EPS ( Riyal) (TTM) (0.03)
Book Value (BV) ( Riyal) 7.74
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 7.92
Return on Average Assets (%) (TTM) (0.13 )
Return on Average Equity (%) (TTM) (0.37 )
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