Lumi Rental Co. reported a 9% drop in the first-half net profit to SAR 90.7 million, compared to SAR 100 million in H1 2023.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 500.03 | 744.52 | 48.9 % |
| Gross Income | 172.68 | 208.75 | 20.9 % |
| Operating Income | 130.27 | 160.66 | 23.3 % |
| Net Income | 100.03 | 90.72 | (9.3 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 1.82 | 1.65 | (9.3 %) |
The profit decline was attributed to an increase in financing costs from SAR 27 million to SAR 67 million. However, operating profit expanded by 23% year-on-year (YoY) to SAR 161 million.
Revenue for H1 2024 grew 49% from SAR 500 million in H1 2023 to SAR 745 million in H1 2024.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 232.97 | 360.48 | 54.7 % |
| Gross Income | 77.82 | 95.28 | 22.4 % |
| Operating Income | 66.36 | 83.40 | 25.7 % |
| Net Income | 49.65 | 46.01 | (7.3 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.90 | 0.84 | (7.3 %) |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 384.04 | 360.48 | (6.1 %) |
| Gross Income | 113.47 | 95.28 | (16.0 %) |
| Operating Income | 77.26 | 83.40 | 7.9 % |
| Net Income | 44.71 | 46.01 | 2.9 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.81 | 0.84 | 2.9 % |
The second-quarter net profit fell 7.3% to SAR 46 million from SAR 49.65 million in Q2 2023.
Sequentially, net profit rose 2.9% from SAR 44.71 million in Q1 2024.
Total shareholders’ equity, no minority interest, rose to SAR 1.12 billion as of June 30, 2024, from SAR 943.56 million a year earlier.
Attached Documents
| Company | Estimated | Actual | Change |
|---|---|---|---|
| SAUDI ARAMCO | 104,019.94 | 106,158.00 | 2.1 % |
| SAUDI CEMENT | 90.58 | 87.30 | (3.6 %) |
| DAR ALARKAN | 173.60 | 165.12 | (4.9 %) |
| LUMI | 54.61 | 46.01 | (15.8 %) |
| SPCC | 45.14 | 30.00 | (33.5 %) |
| SAVOLA GROUP | 258.90 | 135.39 | (47.7 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| ALAMAR | 11.00 | 13.05 | 18.6 % |
| SAUDI ARAMCO | 104,019.94 | 106,158.00 | 2.1 % |
| JAMJOOM PHARMA | 106.61 | 106.95 | 0.3 % |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| SAVOLA GROUP | 258.90 | 135.39 | (47.7 %) |
| SPCC | 45.14 | 30.00 | (33.5 %) |
| A.OTHAIM MARKET | 58.76 | 43.28 | (26.3 %) |
| LUMI | 54.61 | 46.01 | (15.8 %) |
| YSCC | 98.89 | 84.62 | (14.4 %) |
| DAR ALARKAN | 173.60 | 165.12 | (4.9 %) |
| SAUDI CEMENT | 90.58 | 87.30 | (3.6 %) |
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