Enma AlRawabi Co. reported a 33% leap in 2023 net profit to SAR 42.2 million from SAR 31.8 million in 2022.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 48.13 | 61.74 | 28.3 % |
| Gross Income | 37.75 | 50.68 | 34.3 % |
| Operating Income | 33.36 | 44.90 | 34.6 % |
| Net Income | 31.84 | 42.18 | 32.5 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.80 | 1.05 | 32.5 % |
The profit growth was due to the increase in the rental value of some rental units and the addition of a new property, coupled with the year-on-year (YoY) drop in Zakat expenses.
Total shareholders’ equity, no minority interest, reached SAR 556.22 million as of Dec. 31, 2023, compared to SAR 524.32 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
17.15 |
10.23 |
0.26 |
|
H2 2020 |
25.38 |
13.11 |
0.32 |
|
H1 2021 |
19.60 |
12.82 |
0.32 |
|
H2 2021 |
19.38 |
9.17 |
0.23 |
|
H1 2022 |
20.05 |
12.38 |
0.31 |
|
H2 2022 |
28.08 |
19.46 |
0.49 |
|
H1 2023 |
21.52 |
12.20 |
0.31 |
|
H2 2023 |
40.22 |
29.98 |
0.75 |
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