Miahona Co., which is set to be listed on the main market (TASI), posted a 13% year-on-year growth in net profit for 2023 to SAR 56.7 million from SAR 50.1 million.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 276.02 | 324.46 | 17.5 % |
| Gross Income | 86.86 | 109.41 | 26.0 % |
| Operating Income | 56.94 | 69.78 | 22.6 % |
| Net Income | 50.11 | 56.72 | 13.2 % |
| Average Shares | 160.93 | 160.93 | - |
| EPS (Riyals) | 0.31 | 0.35 | 13.2 % |
Q4 net profit also fell 15% YoY to SAR 12.8 million.
The rise in 2023 net profit YoY was driven by an increase in revenues to SAR 324.5 million, as well as a rise in gross profit margin to 34% from 31% in 2022.
The company also recorded a rise in its share of affiliates to SAR 6.5 million from SAR 5.4 million in the prior-year period.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 68.00 | 98.85 | 45.4 % |
| Gross Income | 25.72 | 29.80 | 15.9 % |
| Operating Income | 15.13 | 17.96 | 18.7 % |
| Net Income | 14.98 | 12.80 | (14.6 %) |
| Average Shares | 160.93 | 160.93 | - |
| EPS (Riyals) | 0.09 | 0.08 | (14.6 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 76.00 | 98.85 | 30.1 % |
| Gross Income | 28.89 | 29.80 | 3.2 % |
| Operating Income | 21.42 | 17.96 | (16.1 %) |
| Net Income | 18.88 | 12.80 | (32.2 %) |
| Average Shares | 160.93 | 160.93 | - |
| EPS (Riyals) | 0.12 | 0.08 | (32.2 %) |
Shareholders' equity, after minority interest, amounted to SAR 392.85 million, compared to SAR 342.50 million in the same period a year earlier.
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