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 % |
| Gross Income | 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 | 6.00 | – |
| EPS (Riyals) | 1.71 | 4.25 | 148.9 % |
Meanwhile, expenses rose 83% YoY, financing costs surged 368% YoY and other income declined 39% YoY.
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 |