National Building and Marketing Co. (NBM) reported a net profit of SAR 26.2 million in H1 2023, a decline of 20% from SAR 32.6 million a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 320.75 | 316.46 | (1.3 %) |
| Gross Income | 43.42 | 42.00 | (3.3 %) |
| Operating Income | 34.49 | 32.50 | (5.8 %) |
| Net Income | 32.65 | 26.24 | (19.6 %) |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 2.72 | 2.19 | (19.6 %) |
The lower profit was driven by an increase in the cost of finance year-on-year (YoY) to SAR 19 million, in addition to higher SAIBOR.
Shareholders’ equity, after minority equity, stood at SAR 291.45 million as of June 30, 2023, compared to SAR 260.50 million in the prior-year period.
|
Interim Statements |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/share) |
|
H1 2018 |
80.51 |
12.47 |
1.04 |
|
H2 2018 |
86.61 |
11.64 |
0.97 |
|
H1 2019 |
79.68 |
8.56 |
0.71 |
|
H2 2019 |
91.13 |
(2.33) |
(0.19) |
|
H1 2020 |
153.70 |
7.76 |
0.65 |
|
H2 2020 |
133.04 |
22.69 |
1.89 |
|
H1 2021 |
298.03 |
25.09 |
2.09 |
|
H2 2021 |
362.25 |
55.59 |
4.63 |
|
H1 2022 |
320.75 |
32.58 |
2.72 |
|
H2 2022 |
331.44 |
14.26 |
1.19 |
|
H1 2023 |
316.46 |
26.22 |
2.18 |
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