Mulkia Investment Co.'s net profit rose by 17% year-on-year (YoY) to SAR 24.3 million in 2024, compared to SAR 20.8 million a year before.
Item | 2023 | 2024 | Change |
---|---|---|---|
Revenues | 43.83 | 46.18 | 5.4 % |
Operating Income | 23.00 | 26.24 | 14.1 % |
Net Income | 20.82 | 24.27 | 16.6 % |
Average Shares | 6.50 | 6.50 | - |
Earnings Per Share before unusual items (Riyals) | 3.20 | 3.73 | 16.6 % |
EPS (Riyals) | 3.20 | 3.73 | 16.6 % |
Operating revenues grew SAR 2.4 million year-on-year (YoY) to SAR 46.2 million in 2024, due to a SAR 5.5 million increase in realized and unrealized gains from investments listed at fair value through profit or loss in 2024 compared to 2023.
Meanwhile, operating expenses decreased YoY by SAR 0.9 million in 2024.
Item | H2 2023 | H2 2024 | Change |
---|---|---|---|
Revenues | 20.24 | 26.63 | 31.6 % |
Operating Income | 8.36 | 16.53 | 97.7 % |
Net Income | 7.31 | 15.70 | 114.7 % |
Average Shares | 6.50 | 6.50 | - |
Earnings Per Share before unusual items (Riyals) | 1.13 | 2.42 | 114.7 % |
EPS (Riyals) | 1.13 | 2.42 | 114.7 % |
Item | H1 2024 | H2 2024 | Change |
---|---|---|---|
Revenues | 19.55 | 26.63 | 36.2 % |
Operating Income | 9.71 | 16.53 | 70.2 % |
Net Income | 8.57 | 15.70 | 83.2 % |
Average Shares | 6.50 | 6.50 | - |
Earnings Per Share before unusual items (Riyals) | 1.32 | 2.42 | 83.2 % |
EPS (Riyals) | 1.32 | 2.42 | 83.2 % |
On the other hand, investment services and asset management revenues fell by SAR 3.4 million in 2024 due to certain non-recurring annual transactions.
H2 2024 net earnings rose 114.7% to SAR 15.7 million, compared to SAR 7.31 million in H2 2023.
On a sequential basis, net profit grew 83.2% from SAR 8.57 million in H1 2024.
Shareholders’ equity, no minority interest, stood at SAR 97.23 million by Dec. 31, 2024, compared to SAR 89.29 million a year earlier.
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