Mohammed Hasan AlNaqool Sons Co. swung to a net profit of SAR 1.2 million in the first half of 2024, against a net loss of SAR 652,000 in H1 2023.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 18.77 | 29.23 | 55.7 % |
Net Income | (0.65) | 1.20 | 284.2 % |
Average Shares | 2.90 | 2.90 | - |
EPS (Riyals) | (0.22) | 0.41 | 284.2 % |
The positive results were driven by higher revenues from subsidiaries.
Shareholders’ equity, no minority interest, decreased to SAR 51.6 million as of June 30, 2024, from SAR 52.4 million a year earlier.
Historical Data |
|||
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
Earnings per Share (SAR) |
H1 2021 |
23.25 |
4.04 |
1.39 |
H2 2021 |
30.07 |
5.17 |
1.78 |
H1 2022 |
23.11 |
0.29 |
0.10 |
H2 2022 |
20.12 |
(0.09) |
(0.03) |
H1 2023 |
18.77 |
(0.65) |
(0.22) |
H2 2023 |
24.52 |
(1.45) |
(0.50) |
H1 2024 |
29.23 |
1.20 |
0.41 |
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