Saudi Parts Center Co. (SPC) reported a net profit of SAR 689,000 in the first six months of 2024, down from SAR 2.6 million in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 50.96 | 52.60 | 3.2 % |
| Net Income | 2.59 | 0.69 | (73.4 %) |
| Average Shares | 3.00 | 3.00 | - |
| EPS (Riyals) | 0.86 | 0.23 | (73.4 %) |
The profit decline was due to lower gross profit, as well as higher operating and other expenses resulting mainly from an increase in employee costs.
Meanwhile, sales increased by SAR 1.6 million compared to a year earlier as a result of a rise in the company’s customer base and their sales.
Shareholders’ equity, no minority interest, reached SAR 46.85 million as of June 30, 2024, up from SAR 43.76 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
39.73 |
5.37 |
1.79 |
|
H2 2020 |
37.92 |
4.68 |
1.56 |
|
H1 2021 |
38.32 |
2.82 |
0.94 |
|
H2 2021 |
42.26 |
2.93 |
0.98 |
|
H1 2022 |
44.35 |
2.84 |
0.95 |
|
H2 2022 |
49.92 |
4.05 |
1.35 |
|
H1 2023 |
50.96 |
2.59 |
0.86 |
|
H2 2023 |
62.38 |
3.39 |
1.13 |
|
H1 2024 |
52.61 |
0.69 |
0.23 |
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