Al-Jouf Mineral Water Bottling Co. reported a net profit of SAR 1.6 million in H1 2024, down 32% from SAR 2.3 million in the prior-year period.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 37.49 | 35.91 | (4.2 %) |
Net Income | 2.31 | 1.57 | (32.0 %) |
Average Shares | 4.69 | 4.69 | - |
EPS (Riyals) | 0.49 | 0.33 | (32.0 %) |
The first-half earnings were weighed by a 4.20% year-on-year (YoY) revenue decline on lower average selling prices and fierce competition in the water segment, as well as higher cost of sales.
Total shareholders’ equity, no minority interest, stood at SAR 88.76 million by the end of H1 2024, compared to SAR 85.46 million in the year-earlier period.
Historical Data |
|||
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
H1 2020 |
40.66 |
2.27 |
0.48 |
H2 2020 |
30.97 |
2.30 |
0.49 |
H1 2021 |
32.53 |
2.60 |
0.55 |
H2 2021 |
35.10 |
2.10 |
0.45 |
H1 2022 |
36.08 |
2.81 |
0.60 |
H2 2022 |
37.90 |
2.93 |
0.62 |
H1 2023 |
37.49 |
2.31 |
0.52 |
H2 2023 |
39.38 |
1.79 |
0.38 |
H1 2024 |
35.91 |
1.57 |
0.33 |
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