Marble Design Co.’s net earnings dropped 17.3% to SAR 8.79 million in H12024 from SAR 10.64 million in H1 2023 due to the decrease in revenues from main operating activities and other revenue.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 26.79 | 26.36 | (1.6 %) |
| Net Income | 10.64 | 8.79 | (17.4 %) |
| Average Shares | 6.00 | 6.00 | - |
| EPS (Riyals) | 1.77 | 1.47 | (17.4 %) |
This drop occurred because the company’s revenues from main activities decreased by 1.63% to SAR 26.35 million, compared to SAR 26.79 million for H1 2023, due to lower demand and other revenues.
Shareholders’ equity, no minority interest, stood at SAR 97.70 million, versus SAR 97.70 million in 2023.
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