Ladun Investment Co.'s net earnings in H1 2024 declined to SAR 32.4 million, compared to SAR 73.1 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 652.13 | 646.76 | (0.8 %) |
| Net Income | 73.15 | 32.43 | (55.7 %) |
| Average Shares | 500.00 | 500.00 | - |
| EPS (Riyals) | 0.15 | 0.06 | (55.7 %) |
The drop was attributed to a decrease in revenues from real estate development and factories segments, lower performance of contracting and factories businesses, losses from the investment portfolio and higher financing costs.
The gross profit margin decreased in the first half of 2024 to 21% from 22.5% in the same period of 2023. Operating profit also fell to 8% from 12% last year.
Shareholders’ equity, no minority interest, rose to SAR 607.71 million as of June 30, 2023, from SAR 602.28 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/Share) |
|
H1 2021 |
402.40 |
73.49 |
0.15 |
|
H2 2021 |
367.42 |
7.31 |
0.01 |
|
H1 2022 |
513.89 |
30.01 |
0.06 |
|
H2 2022 |
367.29 |
30.18 |
0.06 |
|
H1 2023 |
652.13 |
73.15 |
0.15 |
|
H2 2023 |
783.88 |
36.19 |
0.07 |
|
H1 2024 |
646.76 |
32.43 |
0.06 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}