Financial Results : GAS H1 2022 net profit rises 16% to SAR 17.8 mln

GAS H1 2022 net profit rises 16% to SAR 17.8 mln

21/08/2022 Argaam Exclusive

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Gas Arabian Services Co. (GAS) reported a net profit after Zakat and tax of SAR 17.8 million in H1 2022, an increase of 16%, compared to SAR 15.4 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 139.89 188.99 35.1 %
Gross Income 30.85 35.73 15.8 %
Operating Income (2.20) 1.99 190.3 %
Net Income 15.44 17.85 15.6 %
Average Shares 158.00 158.00 -
EPS (Riyals) 0.10 0.11 15.6 %

This was triggered by higher total shares and increased profit share from joint ventures and associates.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 139.89 188.99 35.1 %
Gross Income 30.85 35.73 15.8 %
Operating Income (2.20) 1.99 190.3 %
Net Income 15.44 17.85 15.6 %
Average Shares 158.00 158.00 -
EPS (Riyals) 0.10 0.11 15.6 %

Total shareholders’ equity, excluding minority interest, stood at SAR 264.414 million by the end of H1 2022, compared to SAR 233.799 million in the year-earlier period.

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