Sumou profit grows 9% to SAR 49.6 mln in H1 2023

24/08/2023 Argaam Exclusive

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Sumou Real Estate Co. reported a 9% rise in H1 2023 net profit to SAR 49.6 million from SAR 45.5 million in H1 2022. 

The higher profit was spurred by better revenues from the management of real estate projects, along with lower costs of construction works.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬

Total shareholders’ equity, no minority interest, reached SAR 545.3 million as of June 30, 2023, compared to SAR 481.9 million a year earlier. 

 

                                                                  Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2018

119.54

29.18

0.78

H2 2018

138.21

38.30

1.02

H1 2019

95.28

30.36

0.81

H2 2019

84.71

39.44

1.05

H1 2020

49.91

36.05

0.96

H2 2020

47.25

35.33

0.94

H1 2021

33.34

47.50

1.27

H2 2021

69.79

33.71

0.90

H1 2022

156.08

45.45

1.21

H2 2022

126.34

42.19

1.13

H1 2023

119.70

49.60

1.32

 

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Financial Ratios
Current
Market Cap (M Riyal) 2,347.50
Enterprise Value (EV) (M) 2,162.14
Shares Outstanding ((M)) 50.00
Book Value (BV) ( Riyal) 12.67
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 22.02
Price/book 3.70
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