Financial Results : Leen Alkhair profits down 50% to SAR 4M in H1 2024

Leen Alkhair profits down 50% to SAR 4M in H1 2024

04/08/2024 Argaam Exclusive

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Leen Alkhair Trading Co.’s net profit retreated 50% to SAR 4 million in H1 2024 from SAR 8 million a year earlier.

Earnings were weighed down by an increase in cost of sales, along with higher selling, distribution, general and administrative expenses, and financing costs. However, sales and other revenues edged up. 



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 117.72 120.90 2.7 %
Gross Income 15.16 11.92 (21.3 %)
Operating Income 8.84 3.63 (58.9 %)
Net Income 7.98 4.02 (49.7 %)
Average Shares 8.16 8.16 -
Earnings Per Share before unusual items (Riyal) 0.98 0.49 (49.7 %)
EPS (Riyal) 0.98 0.49 (49.7 %)

Total shareholders’ equity, no minority interest, reached SAR 150.19 million by the end of June 2024, compared to SAR 142.23 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

91.19

14.25

1.94

H2 2021

97.37

6.21

0.85

H1 2022

109.59

10.84

1.48

H2 2022

118.98

12.34

1.68

H1 2023

117.72

7.98

0.98

H2 2023

133.62

4.01

0.49

H1 2024

120.90

4.01

0.49

View More Financial Results

 

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