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.
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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