National Gypsum Co. posted a net profit of SAR 2.1 million for the first half of 2023, a plunge of 58% from SAR 14.9 million in the same period last year.
Item | 6m 2022 | 6m 2023 | Change |
---|---|---|---|
Revenues | 32.23 | 27.66 | (14.2 %) |
Gross Income | 10.52 | 5.58 | (46.9 %) |
Operating Income | 4.05 | 0.72 | (82.3 %) |
Net Income | 4.88 | 2.07 | (57.6 %) |
Average Shares | 31.67 | 31.67 | - |
EPS (Riyals) | 0.15 | 0.07 | (57.6 %) |
The company’s H1 2023 earnings were hurt by decreased net sales and high cost of sales, compared with the year-ago period.
Item | Q2 2022 | Q2 2023 | Change |
---|---|---|---|
Revenues | 17.65 | 14.30 | (19.0 %) |
Gross Income | 5.33 | 3.71 | (30.5 %) |
Operating Income | 1.46 | 1.20 | (18.3 %) |
Net Income | 1.67 | 1.52 | (8.5 %) |
Average Shares | 31.67 | 31.67 | - |
EPS (Riyals) | 0.05 | 0.05 | (8.5 %) |
Item | Q1 2023 | Q2 2023 | Change |
---|---|---|---|
Revenues | 13.36 | 14.30 | 7.1 % |
Gross Income | 1.88 | 3.71 | 97.6 % |
Operating Income | (0.48) | 1.20 | 350.0 % |
Net Income | 0.54 | 1.52 | 180.8 % |
Average Shares | 31.67 | 31.67 | - |
EPS (Riyals) | 0.02 | 0.05 | 180.8 % |
In Q2 2023, National Gypsum’s net profit tumbled 8.8% to SAR 1.52 million, versus SAR 1.67 million in the year before on lower net sales and net miscellaneous income (namely from investments).
On a quarterly basis, net income more than doubled from SAR 540,000 in Q1 2023.
Total shareholders' equity, no minority interest, plummeted to SAR 435.08 million by the end H1 2023, compared to SAR 448.98 million in the prior-year period.
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}}