Jabal Omar Development Co. turned to a net profit of SAR 52.3 million in H1 2024, against 67.91 million net losses in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 771.54 | 1,217.97 | 57.9 % |
| Gross Income | 358.93 | 550.37 | 53.3 % |
| Operating Income | 315.34 | 393.44 | 24.8 % |
| Net Income | (67.91) | 52.34 | 177.1 % |
| Average Shares | 1,154.53 | 1,154.53 | - |
| EPS (Riyals) | (0.06) | 0.05 | 177.1 % |
The second-quarter net profit amounted to SAR 33.3 million, against SAR 79.8 million in net losses in Q2 2023.
On a quarterly basis, net earnings jumped 75% from SAR 19.02 million in Q1 2024.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 454.46 | 625.12 | 37.6 % |
| Gross Income | 236.68 | 296.09 | 25.1 % |
| Operating Income | 216.27 | 214.85 | (0.7 %) |
| Net Income | (79.84) | 33.32 | 141.7 % |
| Average Shares | 1,154.53 | 1,154.53 | - |
| EPS (Riyals) | (0.07) | 0.03 | 141.7 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 592.85 | 625.12 | 5.4 % |
| Gross Income | 254.28 | 296.09 | 16.4 % |
| Operating Income | 178.59 | 214.85 | 20.3 % |
| Net Income | 19.02 | 33.32 | 75.2 % |
| Average Shares | 1,154.53 | 1,154.53 | - |
| EPS (Riyals) | 0.02 | 0.03 | 75.2 % |
Total shareholders’ equity, excluding minority interest, rose to SAR 12.77 billion as of June 30, 2024, from SAR 12.61 billion a year earlier.
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