Morabaha Marina’s net profit slumps 67% to SAR 5.4M in Q1 2024

Morabaha Marina’s net profit slumps 67% to SAR 5.4M in Q1 2024

12/05/2024 Argaam Exclusive

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Morabaha Marina Financing Co. reported a net profit of SAR 5.4 million in Q1 2024, a decline of 67% from SAR 16.2 million in the year-earlier period.


Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Net income from finance commissions 33.37 32.92 (1.3 %)
Net Income 16.22 5.36 (67.0 %)
Average Shares 50.00 71.43 42.9 %
Earnings Per Share before unusual items 0.32 0.07 (76.9 %)
EPS (Riyals) 0.32 0.07 (76.9 %)

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