| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 260.54 | 216.16 | (17.0 %) |
| Gross Income | 149.99 | 88.82 | (40.8 %) |
| Operating Income | 115.04 | 57.50 | (50.0 %) |
| Net Income | 105.17 | 54.04 | (48.6 %) |
| Average Shares | 32.00 | 32.00 | - |
| EPS (Riyals) | 3.29 | 1.69 | (48.6 %) |
The profit decline was due to lower selling prices, higher cost of raw materials as well as an increase in general and administrative expenses.
The second-quarter net earnings dropped 56.8% to SAR 24.23 million, compared with SAR 56.11 million a year before.
Compared with Q1 2023, the second-quarter net earnings fell 18.7% from SAR 29.81 million.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 133.97 | 102.69 | (23.3 %) |
| Gross Income | 77.36 | 41.79 | (46.0 %) |
| Operating Income | 58.83 | 27.28 | (53.6 %) |
| Net Income | 56.11 | 24.23 | (56.8 %) |
| Average Shares | 32.00 | 32.00 | - |
| EPS (Riyals) | 1.75 | 0.76 | (56.8 %) |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 113.48 | 102.69 | (9.5 %) |
| Gross Income | 47.03 | 41.79 | (11.1 %) |
| Operating Income | 30.22 | 27.28 | (9.7 %) |
| Net Income | 29.81 | 24.23 | (18.7 %) |
| Average Shares | 32.00 | 32.00 | - |
| EPS (Riyals) | 0.93 | 0.76 | (18.7 %) |
Total shareholders’ equity, no minority interest, stood at SAR 588.02 million by the end of the six-month period, up from SAR 522.98 million in the prior-year period.
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