Atlas Elevators posts 11% profit drop to SAR 9.5 mln in 2022

03/08/2023 Argaam Exclusive

View other reports

Atlas Elevators General Trading & Contracting Co., which will list shares on Nomu-Parallel Market soon, reported an 11% decline in 2022 net profit to SAR 9.5 million from SAR 10.7 million a year earlier.

Financials (M)

Item	2021	2022	Change‬

The company attributed the decline in 2022 profit year-on-year (YoY) to a 2% fall in full-year revenues, a drop in gross profit margin from 34% in 2021 to 32%, as well as the decline in net operating profit and rise in financing costs. This came despite the rise in other revenues and the fall in Zakat expenses.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬

Item	H1 2022	H2 2022	Change‬
Revenues	37.61	39.74	5.7 %
Gross Income	13.45	11.64	(13.5 %)
Operating Income	5.08	3.93	(22.6 %)
Net Income	5.20	4.32	(16.9 %)
Average Shares	4.80	4.80	-
EPS (Riyals)	1.08	0.90	(16.9 %)

Shareholders' equity (excluding minority interest) amounted to SAR 63 million by the end of 2022, compared to SAR 55.7 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.

×