Financial Results : Saudi Top’s net profit climbs 21% to SAR 5.2M in 2024; H2 at SAR 2.3M

Saudi Top’s net profit climbs 21% to SAR 5.2M in 2024; H2 at SAR 2.3M

17/03/2025 Argaam Exclusive

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Saudi Top for Trading Co. reported a net profit of SAR 5.2 million for 2024, a surge of 21% from SAR 4.3 million a year earlier, due to higher revenue on a 12.14% rise in sales volume.



Financials (M)

Item 2023 2024 Change‬
Revenues 142.16 160.50 12.9 %
Gross Income 21.48 22.15 3.1 %
Operating Income 6.00 7.26 21.0 %
Net Income 4.28 5.17 21.0 %
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyals) 0.11 0.13 21.0 %
EPS (Riyal) 0.11 0.13 21.0 %

In H2 2024, net earnings doubled to SAR 2.3 million from SAR 1.12 million a year earlier.

 

Net profit fell 22.2% in H2 2024, from SAR 2.91 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 74.51 86.52 16.1 %
Gross Income 10.95 11.35 3.6 %
Operating Income 2.21 3.43 55.2 %
Net Income 1.12 2.26 102.3 %
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyal) 0.03 0.06 102.3 %
EPS (Riyal) 0.03 0.06 102.3 %

Total shareholders’ equity, no minority interest, stood at SAR 66.25 million by Dec. 31, 2024, compared to SAR 68.10 million a year earlier.

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