Dar Almarkabah for Renting Cars Co. reported a net profit of SAR 3.3 million in H1 2023, an increase of 11% from SAR 3 million in the year-earlier period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 29.65 | 30.59 | 3.2 % |
| Gross Income | 8.79 | 9.83 | 11.8 % |
| Operating Income | 4.51 | 5.60 | 24.1 % |
| Net Income | 2.95 | 3.28 | 11.2 % |
| Average Shares | 2.00 | 2.00 | - |
| EPS (Riyals) | 1.48 | 1.64 | 11.2 % |
The profit was driven by increased sales volumes on higher contracts with government and private agencies, in addition to cost-cutting measures.
The company also cited improved profit margin, reduced operating expenses and product diversification strategy.
Shareholders’ equity, no minority interest, reached SAR 24.33 million by the end of H1 2023, compared to SAR 32.76 million a year earlier.
|
Interim Statements (SAR mln) |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/Share) |
|
H1 2022 |
29.65 |
2.95 |
1.48 |
|
H2 2022 |
30.39 |
1.51 |
0.75 |
|
H1 2023 |
30.59 |
3.28 |
1.64 |
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}}