Financial Results : Rawasi Albina posts 67% profit drop to SAR 7.5M in 2024; H2 at SAR 17.2M

Rawasi Albina posts 67% profit drop to SAR 7.5M in 2024; H2 at SAR 17.2M

26/03/2025 Argaam Exclusive

View other reports

Rawasi Albina Investment Co. reported a 67% profit decline to SAR 7.5 million in 2024, from a net profit of SAR 22.7 in 2023.



Financials (M)

Item 2023 2024 Change‬
Revenues 164.24 132.88 (19.1 %)
Gross Income 42.50 33.78 (20.5 %)
Operating Income 34.99 23.52 (32.8 %)
Net Income 22.69 7.46 (67.1 %)
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyals) 0.41 0.17 (59.2 %)
EPS (Riyal) 0.41 0.14 (67.1 %)

Revenues declined due to increased spending to raise operational capacity, as well as lower gross profit margins.

 

The company received new projects in 2024, the financial impact of which is expected in later periods.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 70.04 94.78 35.3 %
Gross Income 17.85 31.13 74.4 %
Operating Income 14.08 25.07 78.0 %
Net Income 7.56 17.21 127.6 %
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyal) 0.14 0.31 127.6 %
EPS (Riyal) 0.14 0.31 127.6 %

In H2 2024, the company’s net profit rose 127.6% year-on-year (YoY) to SAR 17.21 million, from SAR 7.56 million.

 

On a sequential basis, Rawasi Albina turned to profit from a net loss of SAR 9.75 million in H1 2024.

 

Total shareholders' equity, no minority interest, amounted to SAR 144.98 million by Dec. 31, 2024, up from SAR 137.77 million a year ago.

View more financial results

 

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.