Mulkia Investment Co. reported a net profit of SAR 20.8 million in 2023, an increase of 28% from SAR 16.3 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 36.84 | 43.83 | 19.0 % |
| Gross Income | 24.77 | 26.77 | 8.1 % |
| Operating Income | 21.71 | 23.00 | 6.0 % |
| Net Income | 16.32 | 20.82 | 27.5 % |
| Average Shares | 6.50 | 6.50 | - |
| EPS (Riyals) | 2.51 | 3.20 | 27.5 % |
This was propelled by higher operating revenue, which grew to SAR 43.8 million in 2023 from SAR 36.8 million in 2022, and a drop of SAR 3 million in provisions.
Meanwhile, operating expenses rose by SAR 5.8 million.
Shareholders’ equity, no minority interest, stood at SAR 89.29 million by Dec. 31, 2023, compared to SAR 67.34 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2022 |
18.42 |
9.62 |
1.48 |
|
H2 2022 |
18.42 |
6.70 |
1.03 |
|
H1 2023 |
23.59 |
13.50 |
2.08 |
|
H2 2023 |
20.24 |
7.32 |
1.12 |
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