Naas Petrol Factory Co. posted a SAR 5.1 million net profit for H1 2024, an increase of 36% from SAR 3.8 million a year ago.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 45.12 | 40.44 | (10.4 %) |
Net Income | 3.74 | 5.07 | 35.8 % |
Average Shares | 3.00 | 3.00 | - |
EPS (Riyals) | 1.25 | 1.69 | 35.8 % |
The profit growth was driven by an annual decline in cost of sales by 18%, which led to higher gross profit. In addition, the company reported lower selling, distribution and Zakat expenses.
Shareholders equity, no minority interest, rose to SAR 56.11 million by the end of June 30, 2024, compared to SAR 45.97 million in the year-ago period.
Historical Data |
|||
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
H1 2023 |
45.12 |
3.74 |
1.25 |
H2 2023 |
46.24 |
4.96 |
1.65 |
H1 2024 |
40.44 |
5.07 |
1.69 |
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