SAL posts 71% profit leap to SAR 363.9M in H1 2024; Q2 at SAR 155.5M

07/08/2024 Argaam Exclusive

SAL Saudi Logistics Services Co. reported a net profit of SAR 363.9 million in the first six months of 2024, a 71% leap from SAR 213.2 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 679.33 858.01 26.3 %
Gross Income 363.28 483.41 33.1 %
Operating Income 249.00 394.52 58.4 %
Net Income 213.17 363.90 70.7 %
Average Shares 80.00 80.00 -
EPS (Riyals) 2.66 4.55 70.7 %

SAL posted a 26% improvement in H1 2024 revenues compared to last year. Cargo handling division revenue also increased by 18% due to volume growth as well as significant contribution by the logistics division. In addition, the company continued to focus on cost control.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 339.36 405.48 19.5 %
Gross Income 183.32 222.43 21.3 %
Operating Income 126.00 167.17 32.7 %
Net Income 108.82 155.45 42.8 %
Average Shares 80.00 80.00 -
EPS (Riyals) 1.36 1.94 42.8 %

In Q2 2024, net profit leapt 43% year-on-year (YoY) to SAR 155.5 million from SAR 108.8 million, as revenues rose by 19%.

 

On a sequential basis, net profit fell 25.4% from SAR 208.45 million in Q1 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.33 billion by the end of H1 2024, compared to SAR 1.08 billion in the year-earlier period.

 

Attached Documents

 

View More Financial Results

 

View other reports

Share Price

SAL Saudi Logistics Services Co.
256.80
(4.20) (1.61 %)

SAL Saudi Logistics Services Co. (SAL)

More


Financial Ratios
Current
Market Cap (M Riyal) 20,544.00
Enterprise Value (EV) (M) 19,836.84
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 8.75
Book Value (BV) ( Riyal) 17.20
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 29.35
P/E (TTM) 29.35
Price/book 14.93
Return on Average Assets (%) (TTM) 21.4
Return on Average Equity (%) (TTM) 55.8
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