Al Ashghal Al Moysra Co., a newly-listed company on the Nomu-Parallel Market, reported a net profit of SAR 10.7 million for 2023, a 37% increase from SAR 7.8 million in 2022.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 47.51 | 53.94 | 13.5 % |
| Gross Income | 12.08 | 17.63 | 46.0 % |
| Operating Income | 6.94 | 10.30 | 48.5 % |
| Net Income | 7.80 | 10.65 | 36.6 % |
| Average Shares | 2.40 | 2.40 | - |
| EPS (Riyals) | 3.25 | 4.44 | 36.6 % |
The profit increase was driven by project expansion across various geographies and lower costs.
Net profit for Q4 2023 reached SAR 3.9 million, a 130% surge from SAR 1.7 million in Q4 2022.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 11.60 | 16.11 | 39.0 % |
| Gross Income | 3.71 | 5.43 | 46.6 % |
| Operating Income | 1.26 | 3.97 | 216.2 % |
| Net Income | 1.71 | 3.92 | 130.0 % |
| Average Shares | 2.40 | 2.40 | - |
| EPS (Riyals) | 0.71 | 1.63 | 130.0 % |
| Item | Q3 2023 | Q4 2023 | Change |
|---|
Total shareholders’ equity (no minority interest) stood at SAR 39.89 million by the end of 2023, compared to SAR 7.76 million by 2022-end.
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