Osool & Bakheet net profit rises to SAR 25.5M in 2023

Osool & Bakheet net profit rises to SAR 25.5M in 2023

31/03/2024 Argaam Exclusive

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Osool & Bakheet Investment Co.’s net profit rose to SAR 25.5 million for 2023, compared to SAR 10.2 million a year earlier, backed by a 114% surge year-on-year (YoY) in operating revenue to SAR 60.38 million for 2023, in addition to higher fair value investments.



Financials (M)

Item 2022 2023 Change‬
Revenues 28.21 60.38 114.1 %
Operating Income 9.98 27.05 171.1 %
Net Income 10.24 25.50 148.9 %
Average Shares 6.00 8.10 35.0 %
Earnings Per Share before unusual items 1.71 3.15 84.4 %
EPS (Riyals) 1.71 3.15 84.4 %

Meanwhile, expenses rose 83% YoY, financing costs surged 368% YoY and other income declined 39% YoY.



Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 12.43 27.57 121.8 %
Operating Income 3.71 13.54 265.3 %
Net Income 3.57 12.54 251.2 %
Average Shares 6.00 8.10 35.0 %
Earnings Per Share before unusual items 0.60 1.55 160.1 %
EPS (Riyals) 0.60 1.55 160.1 %

Total shareholders’ equity, no minority interest, stood at SAR 200.1 million by Dec. 31, 2023, compared to SAR 107.69 million a year earlier.

 

Historical data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/ share)

H1 2022

15.77

6.67

1.11

H2 2022

12.24

3.57

0.61

H1 2023

32.57

12.96

2.16

H2 2023

27.81

12.54

2.09

 

View more financial results

 

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