Almuneef H1 2024 net profit down 3% to SAR 10.3M

08/08/2024 Argaam Exclusive

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Almuneef Co. for Trade, Industry, Agriculture and Contracting reported a net profit of SAR 10.3 million in H1 2024, a decline of 3% from SAR 10.5 million in the year-earlier period.

 



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 124.34 113.41 (8.8 %)
Gross Income 14.18 13.04 (8.1 %)
Operating Income 10.87 10.95 0.7 %
Net Income 10.54 10.26 (2.7 %)
Average Shares 3.80 3.80 -
EPS (Riyals) 2.77 2.70 (2.7 %)


This was driven by lower sales value and decreased prices of the company's main products.

 

Total shareholders’ equity, no minority interest, reached SAR 97.08 million by June 30, 2024, compared to SAR 86.98 million in the corresponding period of the year before.
 

Financials History

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR/Share)

H1 2022

149.03

11.77

3.10

H2 2022

169.4

8.86

2.33

H1 2023

124.34

10.54

2.77

H2 2023

121.96

7.04

1.85

H1 2024

113.41

10.26

2.70

 

 

View More Financial Results

 

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