Saudi Lime Industries Co. reported a net profit of SAR 9.8 million for 2023, a 38% decline from SAR 15.8 million a year earlier.
Item | 2022 | 2023 | Change |
---|---|---|---|
Revenues | 142.38 | 149.98 | 5.3 % |
Gross Income | 63.14 | 66.71 | 5.7 % |
Operating Income | 15.70 | 6.32 | (59.7 %) |
Net Income | 15.83 | 9.76 | (38.3 %) |
Average Shares | 20.00 | 22.00 | 10.0 % |
EPS (Riyals) | 0.79 | 0.44 | (43.9 %) |
This was attributed to higher general and administrative expenses (G&As), a rise in credit loss provisions and increased Zakat and income tax expenses.
However, revenues increased during the year due to higher sales volume and value compared with 2022.
Item | H2 2022 | H2 2023 | Change |
---|---|---|---|
Revenues | 71.48 | 78.44 | 9.7 % |
Gross Income | 32.01 | 35.68 | 11.5 % |
Operating Income | 9.01 | 1.74 | (80.7 %) |
Net Income | 9.31 | 5.09 | (45.3 %) |
Average Shares | 20.00 | 22.00 | 10.0 % |
EPS (Riyals) | 0.47 | 0.23 | (50.3 %) |
Item | H1 2023 | H2 2023 | Change |
---|---|---|---|
Revenues | 71.53 | 78.44 | 9.7 % |
Gross Income | 31.03 | 35.68 | 15.0 % |
Operating Income | 4.59 | 1.74 | (62.1 %) |
Net Income | 4.67 | 5.09 | 8.9 % |
Average Shares | 22.00 | 22.00 | - |
EPS (Riyals) | 0.21 | 0.23 | 8.9 % |
Total shareholders’ equity, no minority interest, stood at SAR 275.75 million by Dec. 31, 2023, compared to SAR 237.26 million a year ago.
Historical Data |
|||
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR /share) |
H1 2021 |
65.15 |
6.45 |
0.32 |
H2 2021 |
66.44 |
4.81 |
0.24 |
H1 2022 |
70.90 |
6.52 |
0.33 |
H2 2022 |
71.48 |
9.31 |
0.47 |
H1 2023 |
71.53 |
4.68 |
0.22 |
H2 2023 |
78.45 |
5.08 |
0.24 |
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