MBC Group Co. reported a profit of SAR 237.8 million (before minority interest) in H1 2024, compared to SAR 51.7 million a year ago.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 1,999.70 | 2,199.60 | 10.0 % |
| Gross Income | 448.27 | 698.93 | 55.9 % |
| Operating Income | (3.29) | 157.22 | 4875.7 % |
| Net Income | 51.70 | 237.77 | 359.9 % |
| Average Shares | 299.25 | 332.50 | 11.1 % |
| EPS (Riyals) | 0.17 | 0.72 | 313.9 % |
The profit growth in H1 2024 was attributed to acquiring subsidiaries at the end of H1 2023, so there were no revenues or expenses for that period.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 1,090.60 | 963.87 | (11.6 %) |
| Gross Income | 288.27 | 354.02 | 22.8 % |
| Operating Income | 46.55 | 92.90 | 99.6 % |
| Net Income | 69.90 | 116.49 | 66.6 % |
| Average Shares | 299.25 | 332.50 | 11.1 % |
| EPS (Riyals) | 0.23 | 0.35 | 50.0 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 1,235.75 | 963.87 | (22.0 %) |
| Gross Income | 344.91 | 354.02 | 2.6 % |
| Operating Income | 64.31 | 92.90 | 44.5 % |
| Net Income | 121.28 | 116.49 | (4.0 %) |
| Average Shares | 332.50 | 332.50 | - |
| EPS (Riyals) | 0.36 | 0.35 | (4.0 %) |
Q2 2024 net surged 66.6% to SAR 116.5 million from SAR 69.9 million in the year earlier period.
On a quarterly basis, Q2 2024 net earnings retreated 4% from SAR 121.28 million in Q1 2024.
Shareholders’ equity, after minority interest, reached SAR 3.98 billion by June 30, 2024, compared to SAR 2.99 billion a year ago.
Earnings per share for the current period amounted to SAR 0.64 by dividing net income over a weighted average number of shares.
Attached Documents
| Company | Estimated | Actual | Change |
|---|---|---|---|
| MBC GROUP | 51.75 | 116.49 | 125.1 % |
| SEERA | 49.20 | 54.11 | 10.0 % |
| ALMAWARID | 26.45 | 23.23 | (12.2 %) |
| FAKEEH CARE | 57.95 | 47.47 | (18.1 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| FAKEEH CARE | 57.95 | 47.47 | (18.1 %) |
| ALMAWARID | 26.45 | 23.23 | (12.2 %) |
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}}