Clean Life H1 2023 net profit up 30% to SAR 5.3 mln

24/10/2023 Argaam Exclusive

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Clean Life Co. reported a net profit of SAR 5.3 million in the first six months of 2023, a 30% increase from SAR 4.1 million a year earlier, as revenues rose 52.96% year-on-year.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	15.25	23.32	53.0 %
Gross Income	11.56	16.80	45.4 %
Operating Income	4.35	5.35	22.9 %
Net Income	4.08	5.33	30.5 %
Average Shares	1.50	1.50	-
EPS (Riyals)	2.72	3.55	30.5 %

Current Half Annual Comparison (M)

Compared With The

Item	H1 2022	H1 2023	Change‬
Revenues	15.25	23.32	53.0 %
Gross Income	11.56	16.80	45.4 %
Operating Income	4.35	5.35	22.9 %
Net Income	4.08	5.33	30.5 %
Average Shares	1.50	1.50	-
EPS (Riyals)	2.72	3.55	30.5 %

Item	H2 2022	H1 2023	Change‬
Revenues	17.96	23.32	29.8 %
Gross Income	12.53	16.80	34.1 %
Operating Income	3.99	5.35	34.1 %
Net Income	4.19	5.33	27.1 %
Average Shares	1.50	1.50	-
EPS (Riyals)	2.79	3.55	27.1 %

Total shareholders’ equity, no minority interest, stood at SAR 16.85 million by the end of H1 2023, compared to SAR 19.02 million in the year-earlier period.

Quarterly Data
Period	Revenue (SAR mln)	Net Profit (SAR mln)	EPS (SAR)
H1 2022	15.25	4.08	8.16
H2 2022	17.96	4.26	2.84
H1 2023	23.32	5.33	3.55

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