Sumou profit grows 9% to SAR 49.6 mln in H1 2023

24/08/2023 Argaam Exclusive

View other reports

Sumou Real Estate Co. reported a 9% rise in H1 2023 net profit to SAR 49.6 million from SAR 45.5 million in H1 2022.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	156.08	119.70	(23.3 %)
Gross Income	32.22	55.74	73.0 %
Operating Income	27.39	50.32	83.7 %
Net Income	45.45	49.60	9.1 %
Average Shares	50.00	50.00	-
EPS (Riyals)	0.91	0.99	9.1 %

The higher profit was spurred by better revenues from the management of real estate projects, along with lower costs of construction works.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2022	H1 2023	Change‬

Item	H2 2022	H1 2023	Change‬
Revenues	66.44	66.97	0.8 %
Gross Income	18.33	43.05	134.9 %
Operating Income	14.71	40.58	175.9 %
Net Income	15.72	40.68	158.7 %
Average Shares	50.00	50.00	-
EPS (Riyals)	0.31	0.81	158.7 %

Total shareholders’ equity, no minority interest, reached SAR 545.3 million as of June 30, 2023, compared to SAR 481.9 million a year earlier.

Historical Data
Period	Revenue (SAR mln)	Net Profit (SAR mln)	EPS (SAR)
H1 2018	119.54	29.18	0.78
H2 2018	138.21	38.30	1.02
H1 2019	95.28	30.36	0.81
H2 2019	84.71	39.44	1.05
H1 2020	49.91	36.05	0.96
H2 2020	47.25	35.33	0.94
H1 2021	33.34	47.50	1.27
H2 2021	69.79	33.71	0.90
H1 2022	156.08	45.45	1.21
H2 2022	126.34	42.19	1.13
H1 2023	119.70	49.60	1.32

View more financial results

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

×