Tadweeer posts 20% profit rise to SAR 10.1 mln in H1 2023

13/08/2023 Argaam Exclusive

View other reports

Share Price

National Environmental Recycling Co.
12.32
(0.18) (1.44 %)

National Environmental Recycling Co. (TADWEEER)

More

National Environmental Recycling Co. (Tadweeer) recorded a 10% increase in H1 2023 net profit to SAR 10.1 million from SAR 8.5 million in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 191.69 257.99 34.6 %
Gross Income 14.02 17.14 22.3 %
Operating Income 11.11 13.11 18.0 %
Net Income 8.47 10.15 19.8 %
Average Shares 58.08 58.08 -
EPS (Riyals) 0.15 0.17 19.8 %

The profit growth was buoyed by an around 35% rise year-on-year (YoY) in sales volumes.



Shareholders’ equity, with no minority interest, declined to SAR 186.14 million as of June 30, 2023, from SAR 146.68 million a year earlier.

 

Historical Data

Period

Revenue

Net Profit

EPS

H1 2021

67.15

9.77

0.17

H2 2021

86.45

1.5

0.03

H1 2022

212.93

8.47

0.15

H2 2022

212.24

9.65

0.17

H1 2023

257.99

10.15

0.17

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.