Amwaj International Co. reported a net profit of SAR 10.2 million for the year to June 30, 2023, a decline of 32% from SAR 15 million a year ago.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 166.22 | 154.89 | (6.8 %) |
| Gross Income | 29.70 | 27.56 | (7.2 %) |
| Operating Income | 17.91 | 14.04 | (21.6 %) |
| Net Income | 15.03 | 10.15 | (32.4 %) |
| Average Shares | 6.00 | 6.00 | - |
| EPS (Riyals) | 2.50 | 1.69 | (32.4 %) |
Revenue declined 6.8% year-on-year (YoY) on lower sales of the heating, ventilation, air conditioning and home appliances solutions sector. The company also cited seasonal factors, high cost of financing, and increased marketing expenses.
Total shareholders’ equity, no minority interest, reached SAR 132.65 million by June 30, 2023, compared to SAR 108.14 million in the prior year.
|
Quarterly Results |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
165.43 |
21.08 |
3.51 |
|
H2 2021 |
105.12 |
7.18 |
1.20 |
|
H1 2022 |
166.22 |
15.03 |
2.50 |
|
H2 2022 |
157.70 |
14.00 |
2.34 |
|
H1 2023 |
154.89 |
10.15 |
1.69 |
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