Saudi Parts Center posts 9% profit decline in H1 2023 to SAR 2.6 mln

31/08/2023 Argaam Exclusive

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Share Price

Saudi Parts Center Co.
59.80
(3.00) (4.78 %)

Saudi Parts Center Co. (SPC)

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Saudi Parts Center Co. (SPC) reported a 9% fall in H1 2023 net profit to SAR 2.6 million from SAR 2.8 million in the year-earlier period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 44.35 50.96 14.9 %
Gross Income 15.38 17.41 13.2 %
Operating Income 3.43 3.81 11.1 %
Net Income 2.84 2.59 (8.7 %)
Average Shares 3.00 3.00 -
EPS (Riyals) 0.95 0.86 (8.7 %)

The profit decline was due to an increase in operating expenses and other expenses, mainly due to higher employee costs.



Shareholders’ equity, no minority interest, reached SAR 43.76 million as of June 30, 2023, up from SAR 37.55 million a year earlier.

 

Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR/Share)  

H1 2020 

39.73

5.37

1.79

H2 2020 

37.92

4.68

1.56

H1 2021  

38.32

2.82

0.94

H2 2021  

42.26

2.93

0.98

H1 2022  

44.35

2.84

0.95

H2 2022  

49.92

4.05

1.35

H1 2023  

50.96

2.59

0.86

 

View More Financial Results

 

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

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