Alwasail 2022 profit rises 6% to SAR 32.3 mln

28/03/2023 Argaam Exclusive

View other reports

Share Price

Alwasail Industrial Co.
2.48
(0.01) (0.40 %)

Alwasail Industrial Co. (ALWASAIL INDUSTRIAL)

More

Alwasail Industrial Co.’s net profit after Zakat and tax rose 6% to SAR 32.3 million in 2022, compared to SAR 30.4 million in 2021.



Financials (M)

Item 2021 2022 Change‬
Revenues 303.75 386.59 27.3 %
Gross Income 81.64 97.89 19.9 %
Operating Income 34.02 39.44 15.9 %
Net Income 30.39 32.27 6.2 %
Average Shares 250.00 250.00 -
EPS (Riyals) 0.12 0.13 6.2 %

The better results were due to a 27% year-on-year (YoY) sales increase on growth in pipe sales of 13.91%. 



Total shareholders’ equity, no minority interest, rose to SAR 346.1 million at the end of 2022, compared to SAR 326.2 million a year earlier.

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.