Saudi Lime Industries Co. reported a net profit of SAR 9.8 million for 2023, a 38% decline from SAR 15.8 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 142.38 | 149.98 | 5.3 % |
| Gross Income | 63.14 | 66.71 | 5.7 % |
| Operating Income | 15.70 | 6.32 | (59.7 %) |
| Net Income | 15.83 | 9.76 | (38.3 %) |
| Average Shares | 20.00 | 22.00 | 10.0 % |
| EPS (Riyals) | 0.79 | 0.44 | (43.9 %) |
This was attributed to higher general and administrative expenses (G&As), a rise in credit loss provisions and increased Zakat and income tax expenses.
However, revenues increased during the year due to higher sales volume and value compared with 2022.
Total shareholders’ equity, no minority interest, stood at SAR 275.75 million by Dec. 31, 2023, compared to SAR 237.26 million a year ago.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR /share) |
|
H1 2021 |
65.15 |
6.45 |
0.32 |
|
H2 2021 |
66.44 |
4.81 |
0.24 |
|
H1 2022 |
70.90 |
6.52 |
0.33 |
|
H2 2022 |
71.48 |
9.31 |
0.47 |
|
H1 2023 |
71.53 |
4.68 |
0.22 |
|
H2 2023 |
78.45 |
5.08 |
0.24 |
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