Clean Life H1 2024 net profit rises 29% to SAR 6.9M

23/07/2024 Argaam Exclusive

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Clean Life Co. posted a SAR 6.9 million net profit for H1 2024, a rise of 29% year-on-year from SAR 5.3 million.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 23.32 30.11 29.1 %
Gross Income 16.80 21.90 30.3 %
Operating Income 5.35 6.46 20.9 %
Net Income 5.33 6.85 28.7 %
Average Shares 1.50 1.50 -
EPS (Riyals) 3.55 4.57 28.7 %

The company achieved revenue of SAR 30.11 million in H1 2024, compared with SAR 23.32 million in the same period last year, while maintaining the net profit margin.

 

Sales capacity increased as the number of service delivery units grew, as did the operating efficiency of each.



Shareholders' equity (no minority interest) amounted to SAR 24.40 million at the end of H1 2024, compared to SAR 16.85 million in the year-ago period.

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