Alwasail 2022 profit rises 6% to SAR 32.3 mln

28/03/2023 Argaam Exclusive

View other reports

Alwasail Industrial Co.’s net profit after Zakat and tax rose 6% to SAR 32.3 million in 2022, compared to SAR 30.4 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	303.75	386.59	27.3 %
Gross Income	81.64	97.89	19.9 %
Operating Income	34.02	39.44	15.9 %
Net Income	30.39	32.27	6.2 %
Average Shares	250.00	250.00	-
EPS (Riyals)	0.12	0.13	6.2 %

The better results were due to a 27% year-on-year (YoY) sales increase on growth in pipe sales of 13.91%.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	163.45	220.82	35.1 %
Gross Income	45.02	49.11	9.1 %
Operating Income	16.30	18.43	13.1 %
Net Income	16.09	16.09	0.0 %
Average Shares	250.00	250.00	-
EPS (Riyals)	0.06	0.06	0.0 %

Item	H1 2022	H2 2022	Change‬
Revenues	165.77	220.82	33.2 %
Gross Income	48.78	49.11	0.7 %
Operating Income	21.01	18.43	(12.2 %)
Net Income	16.18	16.09	(0.5 %)
Average Shares	250.00	250.00	-
EPS (Riyals)	0.06	0.06	(0.5 %)

Total shareholders’ equity, no minority interest, rose to SAR 346.1 million at the end of 2022, compared to SAR 326.2 million a year earlier.

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.

×