Pan Gulf Marketing Co. reported a 69% decline in its H1 2024 net profit to SAR 1.7 million, from SAR 5.6 million in H1 2023.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 185.63 | 169.18 | (8.9 %) |
Net Income | 5.65 | 1.74 | (69.1 %) |
Average Shares | 7.50 | 7.50 | - |
EPS (Riyals) | 0.75 | 0.23 | (69.1 %) |
The profit drop during the current period was attributed to lower sales as a result of a decrease in private sector sales and government sector demand.
Shareholders’ equity, no minority interest, rose to SAR 67.73 million as of June 30, 2024, compared to SAR 58.48 million in the year-earlier period.
Pan Gulf Financial Performance |
|||
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
Profit Share (SAR/ share) |
H1 2022 |
179.28 |
12.91 |
1.72 |
H2 2022 |
236.13 |
19.87 |
2.65 |
H1 2023 |
185.63 |
5.65 |
0.75 |
H2 2023 |
236.72 |
17.19 |
2.29 |
H1 2024 |
169.18 |
1.74 |
0.23 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}