Alwasail Industrial Co.’s net profit grew 4% to SAR 33.6 million in 2023, compared to SAR 32.3 million in the prior-year period.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 386.59 | 446.00 | 15.4 % |
| Gross Income | 97.89 | 107.94 | 10.3 % |
| Operating Income | 39.44 | 42.05 | 6.6 % |
| Net Income | 32.27 | 33.59 | 4.1 % |
| Average Shares | 250.00 | 250.00 | - |
| EPS (Riyals) | 0.13 | 0.13 | 4.1 % |
The profit increase was a result of an increase in sales by 15% despite higher cost of sales and distribution, general and administrative expenses.
Total shareholders’ equity, no minority interest, increased to SAR 360.03 million by the end of 2023, compared to SAR 346.14 million in the year-earlier period.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
149.08 |
17.08 |
0.68 |
|
H2 2020 |
151.98 |
10.58 |
0.04 |
|
H1 2021 |
140.30 |
14.30 |
0.06 |
|
H2 2021 |
163.45 |
16.09 |
0.06 |
|
H1 2022 |
165.77 |
16.18 |
0.06 |
|
H2 2022 |
220.82 |
16.09 |
0.07 |
|
H1 2023 |
207.61 |
17.73 |
0.07 |
|
H2 2023 |
238.39 |
15.85 |
0.06 |
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