Marble Design profit slips 3% to SAR 21.9M in 2023

29/02/2024 Argaam Exclusive

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Share Price

90.00
(5.00) (5.26 %)

Marble Design Co. (MARBLE DESIGN)

Marble Design Co.’s net earnings slipped 3% to SAR 21.9 million in 2023 from SAR 22.6 million in the previous year due to 7.22% lower sales year-on-year (YoY).



Financials (M)

Item 2022 2023 Change‬
Revenues 55.17 51.18 (7.2 %)
Gross Income 36.72 32.45 (11.6 %)
Operating Income 24.50 22.50 (8.2 %)
Net Income 22.62 21.91 (3.1 %)
Average Shares 6.00 6.00 -
EPS (Riyals) 3.77 3.65 (3.1 %)

This was offset by an increase in other revenues by SAR 1.01 million.



Shareholders’ equity, no minority interest, stood at SAR 99.11 million as of Dec. 31, 2023, versus SAR 87.07 million in 2022.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

25.27

9.80

1.63

H2 2022

29.90

12.82

2.14

H1 2023

26.79

10.64

1.77

H2 2023

24.39

11.27

1.88

 

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