Perfect Presentation for Commercial Services Co. (2P) posted a net profit of SAR 57 million in Q2 2023, an 8% increase from SAR 52.8 million a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 431.74 | 471.45 | 9.2 % |
| Gross Income | 78.62 | 94.31 | 20.0 % |
| Operating Income | 63.85 | 71.89 | 12.6 % |
| Net Income | 52.80 | 56.96 | 7.9 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.35 | 0.38 | 7.9 % |
Revenues increased by 9.2% year-on-year (YoY) to SAR 471 million, supported by growth in the company’s software development, as well as operation & maintenance segments during the period, and the start of revenue generation from managed services.
Gross profit grew 20% YoY to SAR 94 million, due to the strong topline increase, which led to a gross profit margin of 20%, compared to 18.2% in H1 2022.
Operating profit rose 12.6% YoY to SAR 72 million in H1 2023.
In Q2 2023, net profit reached SAR 30.8 million, slightly higher compared with a year earlier, supported mainly by a 3.4% YoY increase in revenues to SAR 246 million, due to the sustained growth in the company’s software development and operation & maintenance segments during the period.
Sequentially, the second-quarter earnings leapt 17.4% compared with SAR 26.20 million in Q1 2023.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 238.25 | 246.36 | 3.4 % |
| Gross Income | 43.51 | 52.19 | 19.9 % |
| Operating Income | 36.46 | 38.84 | 6.5 % |
| Net Income | 30.72 | 30.76 | 0.1 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.20 | 0.21 | 0.1 % |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 225.08 | 246.36 | 9.5 % |
| Gross Income | 42.13 | 52.19 | 23.9 % |
| Operating Income | 33.05 | 38.84 | 17.5 % |
| Net Income | 26.20 | 30.76 | 17.4 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.17 | 0.21 | 17.4 % |
Total shareholders’ equity, with no minority interest, stood at SAR 310.87 million as of June 30, 2023, compared to SAR 195.81 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}