Al Rasheed profit rises to SAR 36.1M in H1 2024

13/08/2024 Argaam Exclusive

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Mohammed Hadi Al Rasheed and Partners Co. posted SAR 36.1 million in net profit for H1 2024, up from SAR 11.8 million reported in the same period a year ago.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 91.19 130.63 43.3 %
Net Income 11.80 36.08 205.7 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.98 3.01 205.7 %


The company attributed the profit growth to a 43.3% increase year-on-year in revenues from main activities to SAR 130.6 million.

 

Shareholders' equity (no minority interest) amounted to SAR 210.19 million, compared to SAR 149.83 million in H1 2023.

 

Historical Data

Period

Revenue
(SAR mln)

Net profit

(SAR mln)

EPS

(SAR/share)

H1 2022

69.37

8.00

0.67

H2 2022

98.23

16.65

1.39

H1 2023

91.19

11.80

0.98

H2 2023

124.04

32.91

2.74

H1 2024

130.63

36.08

3.01

 

View More Financial Results

 

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