Financial Results : Fitaihi's Q1 2024 earnings jump 26% to SAR 2M

Fitaihi's Q1 2024 earnings jump 26% to SAR 2M

19/05/2024 Argaam Exclusive

View other reports

Fitaihi Holding Group reported a 26% hike in Q1 2024 net earnings to SAR 2 million, versus SAR 1.6 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 18.26 8.86 (51.5 %)
Gross Income 8.39 4.24 (49.5 %)
Operating Income 1.46 (2.07) (241.9 %)
Net Income 1.62 2.04 25.8 %
Average Shares 275.00 275.00 -
EPS (Riyals) 0.01 0.01 25.8 %

The company attributed the profit rise in Q1 to generating SAR 5 million from its share in financial results of an associate during the quarter, against logging SAR 0.06 million loss in prior-year period. Furthermore, the company saw a 9.28% decline in selling, distribution and general & administrative expenses in Q1 2024.

 

Meanwhile, sale declined by 51.5% to SAR 8.9 million in Q1 2024, compared to SAR 18.3 million in Q1 2023. Zakat expects rose to SAR 0.9 million in Q1.

 

Shareholders' equity (with no minority interest) amounted to SAR 431.503 million, compared to SAR 451.832 million in prior-year period.

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.