Riyadh Cables Group Co. reported a net profit after minority interest of SAR 171.2 million in Q1 2024, up 36% from SAR 124.9 million in the year earlier period, spurred higher revenue on increased sales volume.
| Item | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 1,937.28 | 2,031.55 | 4.9 % |
| Gross Income | 218.74 | 283.20 | 29.5 % |
| Operating Income | 167.61 | 215.15 | 28.4 % |
| Net Income | 124.92 | 170.22 | 36.3 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.83 | 1.13 | 36.3 % |
| Item | Q4 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 1,889.86 | 2,031.55 | 7.5 % |
| Gross Income | 238.11 | 283.20 | 18.9 % |
| Operating Income | 180.66 | 215.15 | 19.1 % |
| Net Income | 134.15 | 170.22 | 26.9 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.89 | 1.13 | 26.9 % |
On a sequential basis, net earnings grew 26.9% from SAR 134.15 million in Q4 2023.
Total shareholders’ equity, after minority interest, stood at SAR 2.43 billion as of March 31, 2024, compared to SAR 2.26 billion in the prior-year period.
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