View United Real Estate Development Co. reported a net profit of SAR 4.3 million for the first six months of 2024, a 13% rise from SAR 3.8 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 41.28 | 30.40 | (26.4 %) |
| Net Income | 3.81 | 4.30 | 12.8 % |
| Average Shares | 3.00 | 3.30 | 10.0 % |
| EPS (Riyals) | 1.27 | 1.30 | 2.6 % |
The profit growth was supported by lower financing charges. However, the company posted lower revenues from contracting business due to completion of some projects.
Total shareholders’ equity, no minority interest, stood at SAR 60.38 million as of June 30, 2024, compared to SAR 34.11 million a year ago.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR) |
|
H1 2022 |
36.48 |
0.37 |
0.17 |
|
H2 2022 |
51.14 |
16.64 |
7.56 |
|
H1 2023 |
41.28 |
3.81 |
1.27 |
|
H2 2023 |
49.44 |
14.41 |
4.37 |
|
H1 2024 |
30.40 |
4.29 |
1.30 |
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