Atlas Elevators profits rises 5% to SAR 10.6M in 2024; H2 at SAR 3.4M

24/03/2025 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Atlas Elevators General Trading and Contracting Co.’s profits rose to SAR 10.6 million in 2024, a rise of 5% from SAR 10.1 million a year earlier.



Financials (Million Riyal)

Item 2023 2024 Change‬
Revenues 71.29 85.68 20.2 %
Gross Income 26.78 23.36 (12.8 %)
Operating Income 6.58 2.76 (58.0 %)
Net Income 10.02 10.46 4.3 %
Average Shares 9.00 9.00 -
Earnings Per Share before unusual items (Riyals) 0.82 0.37 (54.9 %)
EPS (Riyal) 1.11 1.16 4.3 %

Total sales for 2024 rose 20% to SAR 85.7 million, compared to SAR 71.3 million in 2023, as the company’s sales jumped 16% year-on-year (YoY) to SAR 78 million in 2024 and the factory’s (subsidiary) annual sales increased by 24% YoY to SAR 61 million

 

Atlas Elevators also reported a 146% YoY surge in other income to SAR 6.3 million, and cited higher profit of SAR 3.2 million from evaluation of investment properties in 2024, compared to SAR 2.7 million in 2023.

 

Financing costs decreased by 27% YoY to SAR 375,000.



Current Half Annual Comparison (Million Riyal)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 37.74 41.79 10.7 %
Gross Income 10.79 10.95 1.5 %
Operating Income (1.17) (0.17) 85.9 %
Net Income 1.77 1.34 (24.5 %)
Average Shares 9.00 9.00 -
Earnings Per Share before unusual items (Riyal) (0.10) 0.03 126.2 %
EPS (Riyal) 0.20 0.15 (24.5 %)

In H2 2024, the company’s net earnings surged 91.1% to SAR 3.4 million from SAR 1.8 million in the second half of 2023.

 

On a half-on-half basis, net earnings dropped 51.5% from SAR 7 million in H1 2024.

 

Shareholders’ equity, after minority interest, reached SAR 97.72 million as of Dec. 31, 2024, up from SAR 92.41 million a year earlier.

View more financial results

 

View other reports

Share Price

Atlas Elevators General Trading and Contracting Co.
9.35
(0.09) (0.95 %)

Atlas Elevators General Trading and Contracting Co. (ATLAS ELEVATORS)

More


Financial Ratios
Current
Market Cap (M Riyal) 84.15
Enterprise Value (EV) (M Riyal) 75.66
Shares Outstanding ((M)) 9.00
Recurring EPS ( Riyal) (TTM) 1.09
Book Value (BV) ( Riyal) 11.07
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 8.61
P/E (TTM) 8.83
Price/book 0.84
Dividend Yield (%) (Last Year) 16.04
Return on Average Assets (%) (TTM) 7.4
Return on Average Equity (%) (TTM) 9.7
EV/adj EBITDA 5.33
EV/Revenues 0.90
more

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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request