Leen Alkhair Trading Co.’s net profit retreated 50% to SAR 4 million in H1 2024 from SAR 8 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 117.72 | 120.90 | 2.7 % |
| Gross Income | 15.16 | 11.92 | (21.3 %) |
| Operating Income | 8.84 | 3.63 | (58.9 %) |
| Net Income | 7.98 | 4.02 | (49.7 %) |
| Average Shares | 8.16 | 8.16 | - |
| EPS (Riyals) | 0.98 | 0.49 | (49.7 %) |
Earnings were weighed down by an increase in cost of sales, along with higher selling, distribution, general and administrative expenses, and financing costs. However, sales and other revenues edged up.
Total shareholders’ equity, no minority interest, reached SAR 150.19 million by the end of June 2024, compared to SAR 142.23 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
91.19 |
14.25 |
1.94 |
|
H2 2021 |
97.37 |
6.21 |
0.85 |
|
H1 2022 |
109.59 |
10.84 |
1.48 |
|
H2 2022 |
118.98 |
12.34 |
1.68 |
|
H1 2023 |
117.72 |
7.98 |
0.98 |
|
H2 2023 |
133.62 |
4.01 |
0.49 |
|
H1 2024 |
120.90 |
4.01 |
0.49 |
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