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28 June 07:36 PM

Rawasi Albina Investment Co. announces its Annual Financial results for the period ending on 2023-12-31

RAWASI 9547 -0.35% 5.73 -0.02
Element List Current Year Previous Year %Change
Sales/Revenue 164,240,496 135,221,094 21.46
Gross Profit (Loss) 42,498,589 37,545,474 13.19
Operational Profit (Loss) 34,991,527 30,996,042 12.89
Net profit (Loss) 22,687,142 20,898,277 8.56
Total Comprehensive Income 22,865,981 21,881,013 4.5
Total Share Holders Equity (After Deducting the Minority Equity) 137,771,665 114,905,684 19.9
Profit (Loss) per Share 0.41 3.8
All figures are in (Actual) Saudi Arabia, Riyals


Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Actual) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The company’s total revenues increased by 29,019,402 Saudi riyals compared to In the previous year, it increased by 21.46% as a result of the increase in contracts and projects that the company signed.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the increase in net profit for the year 2023 compared to the previous year, 2022, is mainly due to revenue growth.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items NA
Additional Information Profit per share for the year 2023 is based on 55,000,000 shares compared to calculating earnings per share for the year 2022 on the basis of 5,500,000 shares as a result of splitting the nominal value of the share from 10 Saudi riyals per share to 1 Saudi riyal per share by decision of the extraordinary general assembly held on June 12, 2023.

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