Middle East Pharmaceutical Industries Co. (Avalon Pharma) reported a net profit of SAR 19.4 million in the first quarter of 2025, soaring 107% from SAR 9.4 million a year earlier.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 75.82 | 97.36 | 28.4 % |
Gross Income | 45.30 | 60.27 | 33.0 % |
Operating Income | 12.32 | 22.40 | 81.8 % |
Net Income | 9.37 | 19.40 | 107.1 % |
Average Shares | 20.00 | 20.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.47 | 0.97 | 107.1 % |
EPS (Riyal) | 0.47 | 0.97 | 107.1 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 135.99 | 97.36 | (28.4 %) |
Gross Income | 89.15 | 60.27 | (32.4 %) |
Operating Income | 46.26 | 22.40 | (51.6 %) |
Net Income | 44.81 | 19.40 | (56.7 %) |
Average Shares | 20.00 | 20.00 | - |
Earnings Per Share before unusual items (Riyal) | 2.24 | 0.97 | (56.7 %) |
EPS (Riyal) | 2.24 | 0.97 | (56.7 %) |
This was buoyed by a 28% leap year-on-year (YoY) in revenues to SAR 97.4 million, as well as attraction of new customers and launch of new products. However, this was offset by higher general, administrative, selling, and administrative expenses.
Sequentially, the company’s profit fell 56.7% from SAR 44.8 million in Q4 2024, hurt by lower revenues.
Shareholders’ equity, no minority interest, reached SAR 387.6 million as of March 31, 2025, up from SAR 315.5 million a year earlier.
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