Leen Alkhair 2022 net profit rises 13% to SAR 23.2 mln

30/03/2023 Argaam Exclusive

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Leen Alkhair Trading Co.’s 2022 net profit grew 13% to SAR 23.2 million from SAR 20.5 million a year earlier, driven by higher sales of fruit and vegetables.

Financials (M)

Item	2021	2022	Change‬
Revenues	188.56	228.57	21.2 %
Gross Income	32.91	40.83	24.1 %
Operating Income	22.83	25.17	10.2 %
Net Income	20.46	23.18	13.3 %
Average Shares	7.34	7.34	-
EPS (Riyals)	2.79	3.16	13.3 %

Revenue also increased by 21% YoY to SAR 228.567 million in 2022 on higher sales in the Saudi market.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	97.37	118.98	22.2 %
Gross Income	9.02	22.02	144.1 %
Operating Income	7.22	13.34	84.8 %
Net Income	6.21	12.33	98.8 %
Average Shares	7.34	7.34	-
EPS (Riyals)	0.85	1.68	98.8 %

Item	H1 2022	H2 2022	Change‬
Revenues	109.59	118.98	8.6 %
Gross Income	18.81	22.02	17.1 %
Operating Income	11.83	13.34	12.8 %
Net Income	10.84	12.33	13.8 %
Average Shares	7.34	7.34	-
EPS (Riyals)	1.48	1.68	13.8 %

Total shareholders’ equity, no minority interest, reached SAR 107.74 million by the end of 2022, compared to SAR 84.31 million a year earlier.

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