Financial Results : Al Naqool logs SAR 1.2 mln profit in H1 2023

Al Naqool logs SAR 1.2 mln profit in H1 2023

20/08/2023 Argaam Exclusive

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The profit growth was driven by currency exchange differences despite the high prices of raw materials, in addition to the decline in sales due to the company maintaining its selling price policy, which will reflect positively on the firm's performance in the future.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 23.11 18.77 (18.8 %)
Gross Income 4.41 2.21 (49.8 %)
Operating Income 2.36 0.10 (95.7 %)
Net Income 0.29 (0.65) (323.5 %)
Average Shares 2.90 2.90 -
Earnings Per Share before unusual items (Riyals) 0.10 (0.22) (323.5 %)
EPS (Riyals) 0.10 (0.22) (323.5 %)

Shareholders' equity, no minority rights, stood at SAR 52.40 million in H1 2023, compared with SAR 50.55 million a year earlier.

 

                                                          Historical Development of Financials 

Period 

Revenues

(SAR mln) 

Net Earnings

(SAR mln) 

EPS

(SAR/Share) 

H1 2019 

16.75 

2.40 

0.83 

H2 2019 

17.60 

3.85 

1.33 

H1 2020 

18.80 

1.52 

0.52 

H2 2020 

26.04 

4.96 

1.71 

H1 2021 

23.25 

4.04 

1.39 

H2 2021 

30.07 

5.17 

1.78 

H1 2022 

23.11 

0.29 

0.10 

H2 2022 

20.12 

0.52 

0.18 

H1 2023 

18.77 

1.15 

0.40 
 

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