Batic Investments and Logistics Co. posted SAR 850,000 net profit in H1 2024, a rise of 59% from SAR 536,000 in the same period a year ago.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 231.57 | 247.50 | 6.9 % |
| Gross Income | 34.16 | 32.05 | (6.2 %) |
| Operating Income | 5.58 | 9.98 | 78.9 % |
| Net Income | 0.54 | 0.85 | 58.5 % |
| Average Shares | 600.00 | 600.00 | - |
| EPS (Riyals) | 0.00 | 0.00 | 58.5 % |
The rise in revenues was driven by a 50% increase in the income of the land transport segment, a 34% rise in the revenues of the real estate segment and a 28% jump in the revenues of the smart parking segment.
The company swung to a net loss of SAR 746,000 in Q2 2024, against a net profit of SAR 480,424 in Q2 2023.
Sequentially, Batic turned to a net loss against a net profit of SAR 1.6 million in Q1 2024.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 117.37 | 123.20 | 5.0 % |
| Gross Income | 18.38 | 17.03 | (7.3 %) |
| Operating Income | 3.56 | 5.82 | 63.4 % |
| Net Income | 0.48 | (0.75) | (255.3 %) |
| Average Shares | 600.00 | 600.00 | - |
| EPS (Riyals) | 0.00 | 0.00 | (255.3 %) |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 124.30 | 123.20 | (0.9 %) |
| Gross Income | 15.01 | 17.03 | 13.5 % |
| Operating Income | 4.16 | 5.82 | 39.8 % |
| Net Income | 1.60 | (0.75) | (146.8 %) |
| Average Shares | 600.00 | 600.00 | - |
| EPS (Riyals) | 0.00 | 0.00 | (146.8 %) |
Shareholders' equity, after minority interest, fell to SAR 456.98 million as of June 30, 2024, compared to SAR 462.478 million a year ago.
Attached Documents:
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}