Financial Results : Lana’s H1 2024 net profit grows 5% to SAR 3.2M

Lana’s H1 2024 net profit grows 5% to SAR 3.2M

28/08/2024 Argaam Exclusive

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Lana Medical Co. reported a net profit rise of 5% to SAR 3.2 million for the first half of 2024, from SAR 3.1 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 21.67 33.66 55.3 %
Gross Income 8.09 11.47 41.8 %
Operating Income 3.84 4.20 9.4 %
Net Income 3.06 3.22 5.3 %
Average Shares 3.00 3.60 20.0 %
EPS (Riyals) 1.02 0.89 (12.3 %)

The rise in the six-month net profit was driven by a 55.31% leap year-on-year (YoY) in revenue, as the company boosted its market share. Revenue was propelled by government projects.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 21.67 33.66 55.3 %
Gross Income 8.09 11.47 41.8 %
Operating Income 3.84 4.20 9.4 %
Net Income 3.06 3.22 5.3 %
Average Shares 3.00 3.60 20.0 %
EPS (Riyals) 1.02 0.89 (12.3 %)

Total shareholders’ equity, no minority interest, rose to SAR 71.27 million as of June 30, 2024, compared to SAR 50.48 million a year earlier. 

 

Historical Data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR)

2023

H1

21.67

3.06

1.02

H2

26.96

(0.05)

(0.01)

2024

H1

33.66

3.22

0.89

 

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