GAS H1 2022 net profit rises 16% to SAR 17.8 mln

21/08/2022 Argaam Exclusive

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Gas Arabian Services Co.
9.92
(0.08) (0.80 %)

Gas Arabian Services Co. (GAS)

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Gas Arabian Services Co. (GAS) reported a net profit after Zakat and tax of SAR 17.8 million in H1 2022, an increase of 16%, compared to SAR 15.4 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 139.89 188.99 35.1 %
Gross Income 30.85 35.73 15.8 %
Operating Income (2.20) 1.99 190.3 %
Net Income 15.44 17.85 15.6 %
Average Shares 158.00 158.00 -
EPS (Riyals) 0.10 0.11 15.6 %

This was triggered by higher total shares and increased profit share from joint ventures and associates.



Total shareholders’ equity, excluding minority interest, stood at SAR 264.414 million by the end of H1 2022, compared to SAR 233.799 million in the year-earlier period.

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