WAJA profit leaps 39% to SAR 7.4M in H1 2024

28/08/2024 Argaam Exclusive

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WAJA Co.’s net profit leapt 39% to SAR 7.4 million in H1 2024, compared to SAR 5.4 million in the year-ago period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	41.01	97.29	137.3 %
Gross Income	9.54	14.16	48.4 %
Operating Income	6.49	9.33	43.9 %
Net Income	5.36	7.44	38.9 %
Average Shares	70.00	70.00	-
EPS (Halala)	7.65	10.63	38.9 %

Total revenues jumped by 37.25% (SAR 56.28 million) compared to a year before, due to an increase in the signed contracts and projects.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2023	H1 2024	Change‬
Revenues	41.01	97.29	137.3 %
Gross Income	9.54	14.16	48.4 %
Operating Income	6.49	9.33	43.9 %
Net Income	5.36	7.44	38.9 %
Average Shares	70.00	70.00	-
EPS (Halala)	7.65	10.63	38.9 %

Item	H2 2023	H1 2024	Change‬
Revenues	93.64	97.29	3.9 %
Gross Income	24.89	14.16	(43.1 %)
Operating Income	20.34	9.33	(54.1 %)
Net Income	17.51	7.44	(57.5 %)
Average Shares	70.00	70.00	-
EPS (Halala)	25.01	10.63	(57.5 %)

Total shareholders’ equity, no minority interest, reached SAR 102.68 million by the end of the six-month period, from SAR 77.65 million a year earlier.

Historical Data
Period	Revenues (SAR mln)	Net Profit (SAR mln)	EPS (SAR)
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
H1 2024	97.29	7.44	10.63

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