Ladun Investment Co. reported an 81.7% net profit surge to SAR 109.34 million in 2023, compared to SAR 60.19 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 881.18 | 1,436.02 | 63.0 % |
| Gross Income | 167.06 | 298.09 | 78.4 % |
| Operating Income | 77.43 | 153.91 | 98.8 % |
| Net Income | 60.19 | 109.34 | 81.7 % |
| Average Shares | 500.00 | 500.00 | - |
| EPS (Riyals) | 0.12 | 0.22 | 81.7 % |
This was fueled by the 63% year-on-year (YoY) increase in 2023 revenues on the improved performance of the real estate development segment as the company undertakes several high-margin property projects.
During the same year, the gross profit margin jumped to 21%, compared to 19% in 2022.
Total shareholders’ equity, no minority interest, advanced to SAR 595.65 million by Dec. 31, 2023, compared to SAR 551.99 million a year ago.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
402.40 |
73.49 |
0.15 |
|
H2 2021 |
367.42 |
7.31 |
0.01 |
|
H1 2022 |
513.89 |
30.01 |
0.06 |
|
H2 2022 |
367.29 |
30.18 |
0.06 |
|
H1 2023 |
652.13 |
73.15 |
0.15 |
|
H2 2023 |
783.88 |
36.19 |
0.07 |
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