Marble Design Co. reported a rise of 8.5% in net profit to SAR 10.6 million in the first half of 2023 from SAR 9.8 million in the prior-year period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 25.27 | 26.79 | 6.0 % |
| Gross Income | 16.30 | 17.67 | 8.4 % |
| Operating Income | 10.57 | 10.12 | (4.2 %) |
| Net Income | 9.80 | 10.64 | 8.5 % |
| Average Shares | 6.00 | 6.00 | - |
| EPS (Riyals) | 1.63 | 1.77 | 8.5 % |
The positive performance was driven by a rise of 6.01% in revenue from core activities to SAR 26.79 million from SAR 25.27 million in H1 2022.
The marble manufacturer also reported a surge in other income of SAR 881,679 on selling two land plots in Al Aziziyah, Riyadh.
Shareholders’ equity, no minority interest, stood at SAR 97.71 million as of June 30, 2023, up from SAR 95.25 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2022 |
25.27 |
9.80 |
1.63 |
|
H2 2022 |
29.90 |
12.82 |
2.14 |
|
H1 2023 |
26.79 |
10.64 |
1.77 |
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