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