Saudi Networkers makes SAR 16.5 mln profit in H1 2023

08/08/2023 Argaam Exclusive

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Share Price

Saudi Networkers Services Co.
74.50
(1.50) (1.97 %)

Saudi Networkers Services Co. (NETWORKERS)

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Saudi Networkers Services Co. (SNS) reported a drop of 20% in H1 2023 net profit to SAR 16.5 million from SAR 20.6 million in the year-ago period, on the one-off reversals of old accrual balances in June 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 229.57 276.46 20.4 %
Gross Income 32.75 32.23 (1.6 %)
Operating Income 21.21 18.74 (11.7 %)
Net Income 20.58 16.55 (19.6 %)
Average Shares 6.00 6.00 -
EPS (Riyals) 3.43 2.76 (19.6 %)


Total shareholders’ equity, no minority interest, reached SAR 85.20 million as of June 30, 2023, compared to SAR 66.80 million a year earlier.

 

Historical Data

Period

Revenue

Net Profit

EPS

H1 2021

235.30

17.98

3.00

H2 2021

227.48

10.36

1.72

H1 2022

229.57

20.57

3.43

H2 2022

249.06

11.76

1.96

H1 2023

276.46

16.54

2.76

View More Financial Results

 

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