MOBI Industry Co. reported a net profit leap of 23% to SAR 21.7 million in the first half of 2024 from SAR 17.6 million in the prior-year period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 100.41 | 117.58 | 17.1 % |
| Gross Income | 35.50 | 44.47 | 25.3 % |
| Operating Income | 18.14 | 22.11 | 21.9 % |
| Net Income | 17.62 | 21.65 | 22.9 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 0.35 | 0.43 | 22.9 % |
The profit rise was buoyed by a 17.10% rise in sales in H1 2024, due to improving promotional plans. Moreover, the cost of sales fell by 2.47 % compared to the same period of the previous year.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 50.53 | 56.65 | 12.1 % |
| Gross Income | 18.05 | 20.37 | 12.8 % |
| Operating Income | 8.79 | 8.45 | (3.9 %) |
| Net Income | 8.18 | 8.00 | (2.3 %) |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 0.16 | 0.16 | (2.3 %) |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 60.93 | 56.65 | (7.0 %) |
| Gross Income | 24.10 | 20.37 | (15.5 %) |
| Operating Income | 13.66 | 8.45 | (38.1 %) |
| Net Income | 13.66 | 8.00 | (41.4 %) |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 0.27 | 0.16 | (41.4 %) |
Shareholders’ equity, no minority interest, slipped to SAR 74.82 million as of June 30, 2024, from SAR 77.95 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
96.03 |
11.05 |
0.22 |
|
H2 2020 |
84.40 |
6.33 |
0.13 |
|
H1 2021 |
86.90 |
12.21 |
0.24 |
|
H2 2021 |
83.48 |
3.92 |
0.08 |
|
H1 2022 |
97.76 |
9.48 |
0.19 |
|
H2 2022 |
93.00 |
4.44 |
0.09 |
|
H1 2023 |
100.41 |
17.62 |
0.35 |
|
H2 2023 |
98.09 |
12.73 |
0.26 |
|
H1 2024 |
117.58 |
21.65 |
0.43 |
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