Intelligent Oud Co. (IOud), which is set to be listed on Nomu-Parallel Market, posted earnings of SAR 3.7 million for 2022, compared to SAR 771,000 a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 13.11 | 23.09 | 76.2 % |
| Gross Income | 8.41 | 14.45 | 71.8 % |
| Operating Income | 0.97 | 5.05 | 423.5 % |
| Net Income | 0.77 | 3.72 | 382.9 % |
| Average Shares | 1.30 | 1.30 | - |
| EPS (Riyals) | 0.59 | 2.86 | 382.9 % |
The profit growth was driven by a 76% leap year-on-year (YoY) in revenue to SAR 23 million, as well as higher operating profit margin from 11% to 22%.
This was despite a rise of over 100% in the cost of financing short-and long-term loans, as well as a 61% jump in the provision of Zakat and taxes.
General, administrative, and marketing expenses were up 16% YoY, while other revenues declined.
Total shareholders' equity, no minority interest, reached SAR 22.02 million at the end of the period, compared to SAR 18.02 million a year before.
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}}