Financial Results : Rawasi Albina H1 net profit jumps 59.77% to SAR 15.12 ml

Rawasi Albina H1 net profit jumps 59.77% to SAR 15.12 ml

02/08/2023 Argaam Exclusive

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Rawasi Albina Investment Co. reported a net profit of SAR 15.12 million in the first half of 2023, a jump of 59.77% compared to SAR 9.46 million in the same period a year earlier.

This was spurred by higher revenues and remarkable growth in infrastructure and telecom projects.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 55.39 94.20 70.1 %
Gross Income 16.28 24.65 51.4 %
Operating Income 13.04 20.91 60.3 %
Net Income 9.47 15.13 59.8 %
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyal) 0.17 0.28 59.8 %
EPS (Riyal) 0.17 0.28 59.8 %

Shareholders’ equity, after deducting minority interest, reached SAR 130.03 million as of June 30, 2023, compared to SAR 102.49 million in a year earlier period.

 

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