Shaker 9M 2024 profit up 8% to SAR 66.4M; Q3 at SAR 17.7M

04/11/2024 Argaam Exclusive

View other reports

Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported an 8% profit increase to SAR 66.4 million in the first nine months of 2024 from SAR 61.4 million in the year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	976.68	1,117.00	14.4 %
Gross Income	242.70	269.81	11.2 %
Operating Income	65.63	63.85	(2.7 %)
Net Income	61.43	66.41	8.1 %
Average Shares	55.50	55.50	-
EPS (Riyals)	1.11	1.20	8.1 %

The profit increase was driven by a 14.37% year-on-year (YoY) rise in revenue to SAR 1.12 billion, supported by 29.70% growth in the heating, ventilation, and air conditioning (HVAC) solutions segment, which helped offset the decline in the home appliances segment.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	322.72	358.62	11.1 %
Gross Income	81.36	88.85	9.2 %
Operating Income	18.68	21.43	14.7 %
Net Income	16.77	17.72	5.6 %
Average Shares	55.50	55.50	-
EPS (Riyals)	0.30	0.32	5.6 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	345.14	358.62	3.9 %
Gross Income	83.19	88.85	6.8 %
Operating Income	11.86	21.43	80.7 %
Net Income	16.45	17.72	7.7 %
Average Shares	55.50	55.50	-
EPS (Riyals)	0.30	0.32	7.7 %

In Q3 2024, the company’s net profit rose 5.6% to SAR 17.72 million from SAR 16.77 million in the prior year period on higher sales in the HVAC solutions segment.

Sequentially, net earnings rose by 7.7% from SAR 16.45 million in Q2 2024.

Total shareholders’ equity, after minority interest, rose to SAR 783.61 million by the end of the nine-month period, compared to SAR 713.87 million a year earlier.

View More Financial Results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×