Financial Results : MRNA H1 2023 profit jumps 16% to SAR 30.6 mln; Q2 at SAR 14.4 mln

MRNA H1 2023 profit jumps 16% to SAR 30.6 mln; Q2 at SAR 14.4 mln

31/07/2023 Argaam Exclusive

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Morabaha Marina Financing Co. (MRNA) reported a 16% rise in H1 2023 net profit to SAR 30.6 million, compared to SAR 26.5 million in the year-earlier period, thanks to better special commission income and other income.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Net income from finance commissions 64.80 62.60 (3.4 %)
Net Income 26.48 30.61 15.6 %
Average Shares 50.00 71.43 42.9 %
Earnings Per Share before unusual items (Riyals) 0.53 0.43 (19.1 %)
EPS (Riyal) 0.53 0.43 (19.1 %)

In Q2 2023, MRNA’s net profit climbed 13% to SAR 14.4 million from SAR 12.6 million in Q2 2022, driven by a rise in special commission income and other income.



Current Quarter Comparison (M)

Compared With The
Item Q2 2022 Q2 2023 Change‬
Net income from finance commissions 32.55 29.23 (10.2 %)
Net Income 12.69 14.39 13.3 %
Average Shares 50.00 71.43 42.9 %
Earnings Per Share before unusual items (Riyal) 0.25 0.20 (20.7 %)
EPS (Riyal) 0.25 0.20 (20.7 %)

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