Financial Results : Aslak H1 2024 profit up 3% to SAR 10.3M; Q2 at SAR 4.2M

Aslak H1 2024 profit up 3% to SAR 10.3M; Q2 at SAR 4.2M

08/08/2024 Argaam Exclusive

View other reports

United Wire Factories Co. (Aslak) reported a net profit rise of 3% to SAR 10.3 million in the first half of 2024, compared to SAR 10 million in the corresponding period last year.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 427.35 361.36 (15.4 %)
Gross Income 33.76 30.56 (9.5 %)
Operating Income 13.58 12.09 (10.9 %)
Net Income 9.98 10.25 2.8 %
Average Shares 28.08 28.08 -
EPS (Riyals) 0.36 0.37 2.8 %

The first-half profit rise was driven by higher investment income despite lower sales volumes.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 200.19 174.15 (13.0 %)
Gross Income 17.28 14.64 (15.3 %)
Operating Income 7.56 5.28 (30.1 %)
Net Income 5.46 4.18 (23.4 %)
Average Shares 28.08 28.08 -
EPS (Riyals) 0.19 0.15 (23.4 %)

In Q2 2024, net earnings dropped 24% to SAR 4.2 million, from SAR 5.46 million in the second quarter of 2023.

 

Aslak’s net profit also fell 30.8% on a sequential basis from SAR 6 million in Q1 2024.

 

Shareholders’ equity, after minority rights, reached SAR 382.2 million as of June 30, 2024, compared to SAR 459.5 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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.