Financial Results : ASG profits jump 34% to SAR 18.6M in H1 2024

ASG profits jump 34% to SAR 18.6M in H1 2024

20/08/2024 Argaam Exclusive

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ASG Plastic Factory Co. posted a 34% leap in the first-half net profits to SAR 18.6 million, from SAR 13.9 million in H1 2023.

The higher profit was spurred by a 22.22% year-on-year (YoY) rise in revenue from core business activities to SAR 68.42 million, thanks to better sales across all segments.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 55.98 68.42 22.2 %
Gross Income 23.65 31.64 33.8 %
Operating Income 13.72 17.77 29.5 %
Net Income 13.91 18.62 33.9 %
Average Shares 6.30 6.30 -
Earnings Per Share before unusual items (Riyal) 2.21 2.96 33.9 %
EPS (Riyal) 2.21 2.96 33.9 %

Total shareholders’ equity, no minority interest, increased to SAR 89.98 million as of June 30, 2024, from SAR 51.63 million in the year-earlier period.

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