Financial Results : WAJA’s net profit rises to SAR 22.9M in 2023

WAJA’s net profit rises to SAR 22.9M in 2023

31/03/2024 Argaam Exclusive

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WAJA Co. reported a net profit of SAR 22.9 million for 2023, a 25% growth compared to SAR 18.3 million a year earlier, backed by an increase in revenue by 35.77%, or SAR 35.47 million, on an increase in contracts and projects.



Financials (M)

Item 2022 2023 Change‬
Revenues 99.18 134.65 35.8 %
Gross Income 26.02 34.44 32.3 %
Operating Income 20.26 26.82 32.4 %
Net Income 18.26 22.86 25.2 %
Average Shares 70.00 70.00 -
EPS (Halala) 26.09 32.66 25.2 %


Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 55.21 93.64 69.6 %
Gross Income 14.18 24.89 75.5 %
Operating Income 11.15 20.34 82.3 %
Net Income 9.97 17.51 75.7 %
Average Shares 70.00 70.00 -
EPS (Halala) 14.24 25.01 75.7 %

Total shareholders’ equity, no minority interest, stood at SAR 95.24 million by Dec. 31, 2023, compared to SAR 72.29 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2021

36.49

11.80

16.85

H2 2021

42.54

5.56

7.95

H1 2022

43.97

8.30

11.85

H2 2022

55.21

9.96

14.24

H1 2023

41.01

5.36

7.65

H2 2023

93.64

17.5

25.01

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