Saudi Top profit drops 8% to SAR 2.9M in H1 2024

08/08/2024 Argaam Exclusive

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Saudi Top for Trading Co. reported a net profit of SAR 2.9 million for H1 2024, a drop of 8% from SAR 3.2 million in the year-earlier period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 67.66 73.98 9.4 %
Net Income 3.16 2.91 (7.8 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.08 0.07 (7.8 %)


The company cited increased finance costs (FCs), offset by better revenue due to a 9% year-on-year (YoY) rise in sales volumes.

 

Shareholders’ equity, no minority interest, declined to SAR 71.02 million by the end of the six-month period, from SAR 74.17 million a year earlier.

 

Interim Results

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR/Share)

H1 2021

92.93

6.62

0.16

H2 2021

98.84

10.48

0.26

H1 2022

105.80

23.45

0.58

H2 2022

80.74

9.33

0.23

H1 2023

67.66

3.16

0.08

H2 2023

74.50

1.12

0.03

H1 2024

73.98

2.91

0.07

 

View More Financial Results

 

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