Jamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma) posted a net profit of SAR 292.4 million in 2023, leaping 71% from SAR 171.3 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 916.67 | 1,100.82 | 20.1 % |
| Gross Income | 593.92 | 703.79 | 18.5 % |
| Operating Income | 233.33 | 313.38 | 34.3 % |
| Net Income | 171.31 | 292.40 | 70.7 % |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Riyals) | 2.45 | 4.18 | 70.7 % |
The profit increase was buoyed by a 20.1% year-on-year (YoY) revenue increase and a decline in finance costs by 96% YoY. Selling and distribution (S&D) expenses rose 9.7% but the growth rate remained lower than the rise in revenue.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 196.84 | 207.86 | 5.6 % |
| Gross Income | 125.41 | 118.86 | (5.2 %) |
| Operating Income | 38.26 | 42.24 | 10.4 % |
| Net Income | 31.76 | 44.48 | 40.1 % |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Riyals) | 0.45 | 0.64 | 40.1 % |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 292.61 | 207.86 | (29.0 %) |
| Gross Income | 187.23 | 118.86 | (36.5 %) |
| Operating Income | 84.67 | 42.24 | (50.1 %) |
| Net Income | 77.25 | 44.48 | (42.4 %) |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Riyals) | 1.10 | 0.64 | (42.4 %) |
The fourth-quarter earnings leapt 40% to SAR 44.5 million, compared to SAR 31.76 million in the year-ago period.
On a quarterly basis, the company posted a 42.4% decline in Q4 profit from SAR 77.25 million in Q3.
Shareholders’ equity, no minority interest, increased to SAR 1.40 billion as of Dec. 31, 2023, compared to SAR 1.21 billion a year earlier.
Attached Document:
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}