MOBI’s profit soars to SAR 30.4M in 2023

26/03/2024 Argaam Exclusive

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Share Price

MOBI Industry Co.
10.22
0.06 0.59 %

MOBI Industry Co. (MOBI INDUSTRY)

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MOBI Industry Co. posted an over twofold increase in its annual net profit to SAR 30.4 million, compared to SAR 13.9 million in 2022.



Financials (M)

Item 2022 2023 Change‬
Revenues 182.39 198.84 9.0 %
Gross Income 47.21 68.77 45.7 %
Operating Income 13.87 30.50 119.8 %
Net Income 13.92 30.35 118.0 %
Average Shares 50.00 50.00 -
EPS (Riyals) 0.28 0.61 118.0 %


The profit surge was driven by higher revenue and a 7.21% decline year-on-year in cost of sales in the detergent segment.

 

Shareholders’ equity, no minority interest, reached SAR 65.49 million as of Dec. 31, 2023, up from SAR 66.12 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

96.03

11.05

0.22

H2 2020

84.40

6.33

0.13

H1 2021

86.90

12.21

0.24

H2 2021

83.48

3.92

0.08

H1 2022

97.76

9.48

0.19

H2 2022

93.00

4.44

0.09

H1 2023

100.75

17.62

0.35

H2 2023

98.09

12.73

0.26

 

View More Financial Results

 

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

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