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

08/08/2024 Argaam Exclusive

View other reports

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	38.00	-
EPS (Riyals)	2.77	0.27	(90.3 %)

Current Half Annual Comparison (M)

Compared With The

Item	H1 2023	H1 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	38.00	-
EPS (Riyals)	2.77	0.27	(90.3 %)

Item	H2 2023	H1 2024	Change‬
Revenues	121.96	113.41	(7.0 %)
Gross Income	13.75	13.04	(5.2 %)
Operating Income	9.00	10.95	21.7 %
Net Income	7.04	10.26	45.7 %
Average Shares	3.80	38.00	-
EPS (Riyals)	1.85	0.27	(85.4 %)

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

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×