ASG profits jump 34% to SAR 18.6M in H1 2024

20/08/2024 Argaam Exclusive

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ASG Plastic Factory Co. posted a 34% leap in the first-half net profits to SAR 18.6 million, from SAR 13.9 million in H1 2023.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 55.98 68.42 22.2 %
Gross Income 23.65 31.64 33.8 %
Operating Income 13.72 17.43 27.0 %
Net Income 13.91 18.62 33.9 %
Average Shares 4.61 6.30 36.7 %
EPS (Riyals) 3.02 2.96 (2.0 %)

The higher profit was spurred by a 22.22% year-on-year (YoY) rise in revenue from core business activities to SAR 68.42 million, thanks to better sales across all segments.



Total shareholders’ equity, no minority interest, increased to SAR 89.98 million as of June 30, 2024, from SAR 51.63 million in the year-earlier period.

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