Gas Arabian Services Co. (GAS) posted a 99% leap in H1 2023 net profit to SAR 35.5 million, compared to SAR 17.9 million a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 188.99 | 351.22 | 85.8 % |
| Gross Income | 35.73 | 53.83 | 50.7 % |
| Operating Income | 1.99 | 11.44 | 476.4 % |
| Net Income | 17.85 | 35.48 | 98.8 % |
| Average Shares | 158.00 | 158.00 | - |
| EPS (Riyals) | 0.11 | 0.22 | 98.8 % |
The higher profit was attributed to a rise in total sales and an increase in profit share from associates during the current period.
Shareholders' equity, no minority interest, amounted to SAR 314.59 million by the end of the current period, compared to SAR 264.41 million a year earlier.
|
Historical Development of Financials (SAR mln) |
|||
|
Period |
Revenues (SAR mln) |
Net Earnings (SAR mln) |
EPS (SAR/Share) |
|
H1 2020 |
130.13 |
9.49 |
0.06 |
|
H2 2020 |
191.88 |
63.82 |
0.40 |
|
H1 2021 |
139.89 |
15.44 |
0.10 |
|
H2 2021 |
246.58 |
44.62 |
0.28 |
|
H1 2022 |
188.99 |
17.85 |
0.11 |
|
H2 2022 |
307.05 |
49.53 |
0.32 |
|
H1 2023 |
351.22 |
35.48 |
0.22 |
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