Aqaseem Factory for Chemicals and Plastics Co. posted 68% growth in 2023 net profit to SAR 10.1 million, compared to SAR 6 million in the prior-year period.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 140.51 | 150.83 | 7.3 % |
| Gross Income | 29.02 | 39.27 | 35.3 % |
| Operating Income | 7.20 | 12.66 | 75.8 % |
| Net Income | 6.02 | 10.14 | 68.4 % |
| Average Shares | 2.50 | 2.50 | - |
| EPS (Riyals) | 2.41 | 4.06 | 68.4 % |
The profit rise was spurred by higher sales from the export segment and the addition of the government segment during 2023. This is besides the development of new products that contributed to boosting sales volumes for the year.
Shareholders' equity (no minority interest) rose to SAR 55.97 million, compared to SAR 45.76 million in 2022.
|
Historical Data |
|||
|
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
45.58 |
3.96 |
1.58 |
|
H2 2021 |
53.14 |
3.26 |
1.31 |
|
H1 2022 |
61.24 |
1.71 |
0.69 |
|
H2 2022 |
79.27 |
4.31 |
1.72 |
|
H1 2023 |
74.62 |
5.77 |
2.31 |
|
H2 2023 |
76.21 |
4.37 |
1.75 |
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