Arabian Plastic Industrial Co. (APICO) posted a net profit of SAR 6.5 million in H1 2023, up 38% from SAR 4.7 million a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 77.31 | 82.47 | 6.7 % |
| Gross Income | 10.71 | 14.41 | 34.5 % |
| Operating Income | 6.07 | 8.16 | 34.4 % |
| Net Income | 4.74 | 6.51 | 37.6 % |
| Average Shares | 5.00 | 5.00 | - |
| EPS (Riyals) | 0.95 | 1.30 | 37.6 % |
The profit increase was driven by a 34.5% increase in gross profit due to effective mix of profitable products, in addition to lower materials prices.
Shareholders’ equity, no minority interest, stood at SAR 89.10 million as of June 30, 2023, compared to SAR 78.02 million a year earlier.
|
Quarterly Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/share) |
|
H1 2021 |
57.21 |
3.64 |
0.73 |
|
H2 2021 |
59.47 |
4.17 |
0.83 |
|
H1 2022 |
77.31 |
4.74 |
0.95 |
|
H2 2022 |
77.26 |
4.56 |
0.91 |
|
H1 2023 |
82.47 |
6.51 |
1.30 |
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}}