Financial Results : Al Ashghal Al Moysra’s 2024 earnings climb 2% to SAR 10.9M; H2 at SAR 3.5M

Al Ashghal Al Moysra’s 2024 earnings climb 2% to SAR 10.9M; H2 at SAR 3.5M

24/03/2025 Argaam Exclusive

View other reports

Al Ashghal Al Moysra Co. reported a net profit of SAR 10.9 million by the end of 2024, up 2% from SAR 10.6 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 53.94 65.39 21.2 %
Gross Income 17.63 19.24 9.1 %
Operating Income 10.30 10.79 4.7 %
Net Income 10.65 10.85 2.0 %
Average Shares 4.80 4.80 -
Earnings Per Share before unusual items (Riyals) 2.22 2.26 2.0 %
EPS (Riyal) 2.22 2.26 2.0 %

The annual profit growth was attributed to the 21% year-on-year (YoY) rise in revenue to SAR 11.4 million in 2024. This aligned with the company's strategic plan and its drive to expand its projects and contractual pipeline in 2024 in terms of location, type, and size.

 

In H2 2024, the company posted net earnings of SAR 3.5 million, down 42.3% from SAR 6.06 million a year earlier.

 

The six-month bottom line also declined 52.5% from SAR 7.36 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 30.49 33.36 9.4 %
Gross Income 10.08 8.73 (13.4 %)
Operating Income 6.16 3.39 (45.0 %)
Net Income 6.06 3.50 (42.3 %)
Average Shares 4.80 4.80 -
Earnings Per Share before unusual items (Riyal) 1.26 0.73 (42.3 %)
EPS (Riyal) 1.26 0.73 (42.3 %)

Shareholders’ equity, no minority interest, climbed to SAR 50.91 million by the end of 2024, compared to SAR 39.89 million in the year before.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.