KEIR International Co. (KEIR) reported a net profit of SAR 11 million in H1 2024, up from SAR 1.3 million in the year before.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 77.56 | 144.99 | 86.9 % |
| Net Income | 1.29 | 10.99 | 750.8 % |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.01 | 0.09 | 750.8 % |
The profit surge was due to higher revenues, which reached SAR 144.99 million, up from SAR 77.56 million, a rise of 87% year-on-year (YoY), driven by increase in commercial activities and client engagements.
Total operating profits grew to SAR 15.5 million during the period, compared to SAR 5.6 million in the same period a year earlier, registering a 174% YoY increase.
Total shareholders’ equity, no minority interest, stood at SAR 243.94 million by the end of H1 2024, compared to SAR 234.20 million in the year-earlier period.
|
Historical Data |
|||
|
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2022 |
63.59 |
6.64 |
0.06 |
|
H2 2022 |
107.82 |
13.20 |
0.11 |
|
H1 2023 |
77.56 |
1.29 |
0.01 |
|
H2 2023 |
131.61 |
8.05 |
0.07 |
|
H1 2024 |
144.99 |
10.99 |
0.09 |
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