Al-Jouf Mineral Water posts 32% drop in H1 2024 profit to SAR 1.6M

28/08/2024 Argaam Exclusive

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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. 



Financials (M)

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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