Almuneef’s net profit slumps 15% to SAR 17.6M in 2023

31/03/2024 Argaam Exclusive

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Share Price

Almuneef Company for Trade, Industry, Agriculture and Contracting
54.40
(0.60) (1.09 %)

Almuneef Company for Trade, Industry, Agriculture and Contracting (ALMUNEEF)

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Almuneef Co. for Trade, Industry, Agriculture and Contracting’s (Almuneef) net profit dropped 15% to SAR 17.6 million in 2023, from SAR 20.6 million a year earlier, on lower sales value given the decreased prices of the company’s main products.



Financials (M)

Item 2022 2023 Change‬
Revenues 318.43 246.30 (22.7 %)
Gross Income 32.64 27.94 (14.4 %)
Operating Income 22.52 19.87 (11.8 %)
Net Income 20.63 17.58 (14.8 %)
Average Shares 3.80 3.80 -
EPS (Riyals) 5.43 4.63 (14.8 %)


Total shareholders’ equity, no minority interest, jumped to SAR 75.54 million by Dec. 31, 2023, compared to SAR 61.15 million a year ago.

 

Historical Data

Period

Revenue

(SAR mln)

Net profit

(SAR mln)

EPS

(SAR)

H1 2022

149.03

11.77

3.10

H2 2022

169.4

8.86

2.33

H1 2023

124.34

10.54

2.77

H2 2023

121.96

7.04

1.85
 

View More Financial Results

 

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