Keir International posts 17% profit rise to SAR 19.8 mln in 2022

30/03/2023 Argaam Exclusive

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Keir International Co. reported a 17% jump in 2022 net profit to SAR 19.8 million, compared to SAR 16.9 million in the year-earlier period.

Financials (M)

Item	2021	2022	Change‬
Revenues	169.37	171.41	1.2 %
Gross Income	34.22	44.52	30.1 %
Operating Income	23.04	27.84	20.8 %
Net Income	16.94	19.84	17.1 %
Average Shares	120.00	120.00	-
EPS (Riyals)	0.14	0.17	17.1 %

The year-on-year (YoY) profit growth was spurred by higher operational efficiency and a rise in revenues.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	112.73	107.82	(4.4 %)
Gross Income	24.09	27.74	15.1 %
Operating Income	17.72	19.31	9.0 %
Net Income	12.88	13.20	2.5 %
Average Shares	120.00	120.00	-
EPS (Riyals)	0.11	0.11	2.5 %

Item	H1 2022	H2 2022	Change‬
Revenues	63.59	107.82	69.6 %
Gross Income	16.78	27.74	65.3 %
Operating Income	8.52	19.31	126.6 %
Net Income	6.64	13.20	99.0 %
Average Shares	120.00	120.00	-
EPS (Riyals)	0.06	0.11	99.0 %

Shareholders’ equity, no minority interest, reached SAR 241.83 million, compared to SAR 234.46 million a year earlier.

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