Meyar Co., which specializes in manufacturing hollow cement blocks, bricks, and ready-mixed concrete, reported a marginal rise in 2022 net profit to SAR 4.46 million, from SAR 4.45 million in 2021.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 41.29 | 38.07 | (7.8 %) |
| Gross Income | 9.33 | 8.31 | (10.9 %) |
| Operating Income | 4.16 | 2.74 | (34.1 %) |
| Net Income | 4.45 | 4.46 | 0.1 % |
| Average Shares | 1.06 | 1.06 | 0.0 % |
| EPS (Riyals) | 4.19 | 4.20 | 0.1 % |
The marginal profit rise was backed by an increase in other income from SAR 627,783 to SAR 1.79 million.
Shareholders’ equity, no minority interest, rose to SAR 19.77 million as of Dec. 31, 2022, from SAR 15.37 million a year earlier.
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