Financial Results : AlNaqool makes SAR 1.2M profit in H1 2024

AlNaqool makes SAR 1.2M profit in H1 2024

26/08/2024 Argaam Exclusive

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Mohammed Hasan AlNaqool Sons Co. swung to a net profit of SAR 1.2 million in the first half of 2024, against a net loss of SAR 652,000 in H1 2023.

The positive results were driven by higher revenues from subsidiaries.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 18.77 29.23 55.7 %
Gross Income 2.21 4.71 112.5 %
Operating Income 0.10 2.33 2216.0 %
Net Income (0.65) 1.20 284.2 %
Average Shares 2.90 2.90 -
Earnings Per Share before unusual items (Riyals) (0.22) 0.41 284.2 %
EPS (Riyals) (0.22) 0.41 284.2 %

Shareholders’ equity, no minority interest, decreased to SAR 51.6 million as of June 30, 2024, from SAR 52.4 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

Earnings per Share

(SAR)

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

(0.09)

(0.03)

H1 2023

18.77

(0.65)

(0.22)

H2 2023

24.52

(1.45)

(0.50)

H1 2024

29.23

1.20

0.41

 

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