Financial Results : Naas Petrol 2024 profit drops 21% to SAR 6.9M; H2 at SAR 1.8M

Naas Petrol 2024 profit drops 21% to SAR 6.9M; H2 at SAR 1.8M

23/03/2025 Argaam Exclusive

View other reports

Naas Petrol Factory Co. posted a net profit of SAR 6.9 million for 2024, a decline of 21% from SAR 8.7 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 91.36 76.94 (15.8 %)
Gross Income 19.88 17.94 (9.8 %)
Operating Income 9.90 7.88 (20.4 %)
Net Income 8.70 6.90 (20.7 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyals) 2.90 2.30 (20.7 %)
EPS (Riyal) 2.90 2.30 (20.7 %)

The annual net profit drop was attributed to a 15.7% fall year-on-year in revenue as selling prices edged down and sales volumes remained stable.

 

The company also cited a slight increase in general expenses.

 

The second-half net earnings plunged 63% to SAR 1.8 million from SAR 4.9 million in H2 2023.

 

Compared to H1 2024, Naas Petrol’s net profit plummeted 64% from SAR 5 million.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 46.24 36.50 (21.1 %)
Gross Income 11.72 7.74 (34.0 %)
Operating Income 5.76 2.44 (57.6 %)
Net Income 4.96 1.83 (63.2 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyal) 1.65 0.61 (63.2 %)
EPS (Riyal) 1.65 0.61 (63.2 %)

Shareholders’ equity, no minority interest, reached SAR 58.02 million as of Dec. 31, 2024, up from SAR 51.04 million a year earlier.

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.