Mulkia Investment profit down 37% to SAR 8.6M in H1 2024

06/08/2024 Argaam Exclusive

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Mulkia Investment Co.'s net profit fell by 37% to SAR 8.6 million in H1 2024, compared to SAR 13.5 million.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 23.59 19.55 (17.1 %)
Gross Income 16.39 10.74 (34.5 %)
Operating Income 14.64 9.71 (33.6 %)
Net Income 13.50 8.57 (36.5 %)
Average Shares 6.50 6.50 -
EPS (Riyals) 2.08 1.32 (36.5 %)


The profit decline was driven by a SAR 3 million fall in revenues from investment services and asset management and a SAR 2.2 million slip in unrealized profit from reassessment of investments.

 

Shareholders' equity, no minority interest, reached SAR 81.65 million as of June 30, 2024, compared to SAR 81.35 million in the prior-year period.

 

Historical Development of Interim Data

Period

Revenue

(SAR mln)

Net profit

(SAR mln)

Earnings Per Share

(SAR)​

H1 2022

18.42

9.62

1.48

H2 2022

18.42

6.70

1.03

H1 2023

23.59

13.50

2.08

H2 2023

20.24

7.32

1.12

H1 2024

19.55

8.57

1.32

 

View More Financial Results

 

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