Leaf Global Environmental Services Co. reported a profit leap of 50% to SAR 10.8 million in the first half of 2024, compared to SAR 7.2 million in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 21.83 | 25.19 | 15.4 % |
| Net Income | 7.25 | 10.84 | 49.5 % |
| Average Shares | 5.00 | 5.00 | - |
| EPS (Riyals) | 1.45 | 2.17 | 49.5 % |
The profit growth was propelled by a year-on-year (YoY) rise in revenue, due to the company’s expansion in specialized services.
The company specialized in the fields of mangrove regeneration and coral regeneration, which is reflected on the current demand within the major projects being executed in the Kingdom.
Shareholders’ equity, no minority interest, stood at SAR 35.93 million as of June 30, 2024, compared to SAR 26.71 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2023 |
21.83 |
7.25 |
1.45 |
|
H2 2023 |
22.6 |
8.45 |
1.69 |
|
H1 2024 |
25.19 |
10.84 |
2.17 |
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