Financial Results : East Pipes profit up at SAR 267.5M in FY 2023/24; Q4 at SAR 179.6M

East Pipes profit up at SAR 267.5M in FY 2023/24; Q4 at SAR 179.6M

26/05/2024 Argaam Exclusive

View other reports

East Pipes Integrated Co. reported a net profit of SAR 267.5 million for the fiscal year ended March 31, 2024, an increase from SAR 99.9 million in the prior-year period.


Financials (M)

Item 2022 2023 Change‬
Revenues 1,438.65 1,543.17 7.3 %
Gross Income 155.80 350.56 125.0 %
Operating Income 133.04 324.01 143.6 %
Net Income 99.92 267.51 167.7 %
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items 3.17 8.49 167.7 %
EPS (Riyals) 3.17 8.49 167.7 %

The profit rise was attributed to higher revenues, driven primarily by an increase in the average selling price per ton and a decrease in production costs per ton.

 

Meanwhile, the net profit soared to SAR 179.6 million in Q4 2023/24, compared to SAR 39.94 million in the same period a year earlier.

 

Sequentially, net profit jumped 109.5% from SAR 85.72 million in Q3 2023/24.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 442.29 721.75 63.2 %
Gross Income 55.03 212.82 286.7 %
Operating Income 46.37 204.29 340.6 %
Net Income 36.94 179.56 386.1 %
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items 1.17 5.70 386.1 %
EPS (Riyals) 1.17 5.70 386.1 %

Shareholders’ equity, no minority interest, rose to SAR 851.91 million as of March 31, 2024, from SAR 615.44 million a year earlier.

 

Attached Document:

 

 

View More Financial Results

 

Kindly, you can view the full report by subscribing to the Advanced Package

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

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