Rawasi Albina earnings rise 9% to SAR 22.7M in 2023

19/03/2024 Argaam Exclusive

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Share Price

Rawasi Albina Investment Co.
5.45
0.05 0.93 %

Rawasi Albina Investment Co. (RAWASI)

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Rawasi Albina Investment Co. posted a net profit of SAR 22.7 million for 2023, up 9% from SAR 20.9 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 135.22 164.24 21.5 %
Gross Income 37.55 42.50 13.2 %
Operating Income 31.00 34.99 12.9 %
Net Income 20.90 22.69 8.6 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.38 0.41 8.6 %


The profit growth was driven by increased revenues for 2023 as a result of higher number of contracts and projects signed by the company during the year.



Shareholders' equity, no minority interest, rose to SAR 137.77 million at the end of 2023, compared with SAR 114.90 million a year before.

 

Interim Financials

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

45.45

10.08

0.18

H2 2021

50.08

7.41

0.14

H1 2022

55.39

9.47

0.17

H2 2022

79.83

11.43

0.21

H1 2023

94.20

15.13

0.28

H2 2023

70.04

7.56

0.

View More Financial Results

 

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