Jabal Omar earns SAR 19M in Q1 2024

16/05/2024 Argaam Exclusive

Jabal Omar Development Co. posted a net profit of SAR 19 million in the first quarter of 2024, up from SAR 11.9 million in the year before.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 317.09 592.85 87.0 %
Gross Income 122.25 254.28 108.0 %
Operating Income 99.07 178.59 80.3 %
Net Income 11.93 19.02 59.5 %
Average Shares 1,154.53 1,154.53 -
EPS (Riyals) 0.01 0.02 59.5 %

Revenues from hotels climbed 56% year-on-year (YoY) in Q1 2024, mainly due to improved hotel occupancy and higher average room rates. In addition, revenues from commercial malls increased 35% YoY during the same period.

 

The company also recognized revenues of SAR 105 million related to properties sold in previous periods. The first-quarter revenues also leapt by 87% YoY.

 

On a sequential basis, the company turned profitable from a net loss of SAR 200 million in Q4 2023 as revenues soared 85% quarter-on-quarter.

 

Total shareholders’ equity, after minority interest, rose slightly to SAR 12.74 billion as of March 31, 2024, compared to SAR 12.69 billion a year earlier.

View More Financial Results

 

View other reports

Share Price

Jabal Omar Development Co.
20.64
0.14 0.68 %

Jabal Omar Development Co. (JABAL OMAR)

More


Financial Ratios
Current
Market Cap (M Riyal) 24,355.65
Enterprise Value (EV) (M) 36,202.02
Shares Outstanding ((M)) 1,180.02
EPS ( Riyal) (TTM) (0.30)
Book Value (BV) ( Riyal) 10.89
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.94
Return on Average Assets (%) (TTM) (1.27 )
Return on Average Equity (%) (TTM) (2.76 )
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