National Building and Marketing Co. (NBM) reported a net profit of SAR 30.5 million for 2023, a decline of 21%, compared to SAR 38.8 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 652.19 | 700.61 | 7.4 % |
| Gross Income | 70.17 | 84.14 | 19.9 % |
| Operating Income | 48.43 | 60.57 | 25.1 % |
| Net Income | 38.74 | 30.61 | (21.0 %) |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 3.23 | 2.55 | (21.0 %) |
This was driven by finance costs soaring to SAR 44 million in 2023, due to higher SAIBOR. Conversely, revenues increased to SAR 701 million in 2023, compared to SAR 652 million in 2022.
Total shareholders’ equity, no minority interest, rose to SAR 295.8 million by Dec. 31, 2023, compared to SAR 263.6 million a year earlier.
|
Quarterly Results |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/Share) |
|
H1 2020 |
153.70 |
7.76 |
0.65 |
|
H2 2020 |
133.03 |
22.69 |
1.89 |
|
H1 2021 |
298.03 |
25.09 |
2.09 |
|
H2 2021 |
380.39 |
48.31 |
4.03 |
|
H1 2022 |
320.75 |
32.65 |
2.72 |
|
H2 2022 |
331.44 |
6.13 |
0.51 |
|
H1 2023 |
316.46 |
26.24 |
2.19 |
|
H2 2023 |
384.15 |
4.30 |
0.35 |
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