Atlas Elevators H1 2023 profit jumps 58% to SAR 8.3 mln

Atlas Elevators H1 2023 profit jumps 58% to SAR 8.3 mln

05/10/2023 Argaam Exclusive

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Atlas Elevators General Trading & Contracting Co. reported a 58% rise in H1 2023 net profit to SAR 8.3 million, compared to SAR 5.3 million in the first half of 2022.

The profit growth was driven by lower cost of sales.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 37.61 33.55 (10.8 %)
Gross Income 13.45 15.99 18.9 %
Operating Income 5.08 7.75 52.6 %
Net Income 5.20 8.25 58.5 %
Average Shares 4.80 4.80 -
Earnings Per Share before unusual items 1.08 1.72 58.5 %
EPS (Riyals) 1.08 1.72 58.5 %

Shareholders' equity, no minority interest, reached SAR 68.86 million at the end of the period, compared to SAR 58.49 million a year before.

 

Historical Change of Financial Data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2022

37.61

5.27

1.10

H2 2022

39.73

4.26

0.89

H1 2023

33.55

8.30

1.73

 

View more financial results

 

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