Alwasail Industrial Co. reported a net profit of SAR 24.3 million in H1 2024, compared to SAR 17.7 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 207.61 | 220.07 | 6.0 % |
| Net Income | 17.73 | 24.34 | 37.3 % |
| Average Shares | 250.00 | 250.00 | - |
| EPS (Riyals) | 0.07 | 0.10 | 37.3 % |
This was spurred by 10% higher sales year-on-year (YoY) from pipe products and a 23% increase YoY in sales of fittings products. The company also cited one-off gains on 100% investment disposal.
Total shareholders’ equity, no minority interest, amounted to SAR 359.37 million by June 30, 2024, compared to SAR 345.12 million in the prior-year period.
|
Development of Interim Financials |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
Earnings Per Share (SAR) |
|
H1 2021 |
140.30 |
14.30 |
0.06 |
|
H2 2021 |
163.45 |
16.09 |
0.06 |
|
H1 2022 |
165.77 |
16.18 |
0.06 |
|
H2 2022 |
220.82 |
16.09 |
0.07 |
|
H1 2023 |
207.61 |
17.73 |
0.07 |
|
H2 2023 |
238.39 |
15.85 |
0.06 |
|
H1 2024 |
220.07 |
24.34 |
0.10 |
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