Ghida Al-Sultan Co., which is currently under listing on Nomu-Parallel Market, reported a net profit of SAR 7.2 million for H1 2022, an increase of 10%, from SAR 6.5 million in a year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 44.46 | 67.11 | 50.9 % |
| Gross Income | 16.60 | 28.18 | 69.8 % |
| Operating Income | 6.95 | 7.49 | 7.9 % |
| Net Income | 6.51 | 7.15 | 9.7 % |
| Average Shares | 3.20 | 3.20 | - |
| EPS (Riyals) | 2.04 | 2.23 | 9.7 % |
This profit rise was driven by a revenue jump of 51% year-on-year (YoY), and an increase in other revenue to SAR 362,000 in H1 2022 from SAR 81,000 in the same period of 2021.
The company’s gross profit margin rose to 42%, from 37% in the year-earlier period.
Total shareholders’ equity, excluding minority interest, reached SAR 45.43 million by the end of June 30, 2022, compared to SAR 37.93 million in a year-earlier period.
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