Astra Industrial’s net profits for H1-22 soar 202%
Astra Industrial Group logged net profit after Zakat and tax worth SAR 317.78 million during the first half (H1) of 2022, a yearly surge of 202.06% when compared to SAR 105.20 million. Earnings per share (EPS) stood at SAR 3.97 during the six-month period ended 30 June 2022, compared to SAR 1.32 in the […]
GASCO posts lower profits at $28mln in H1-22
National Gas and Industrialization Company (GASCO) has registered net profits after Zakat and tax of SAR 104.70 million during the first half (H1) of 2022, down 13.97% from SAR 121.70 million in H1-21. The revenues increased by 1.04% year-on-year (YoY) to SAR 989.10 million in the January-June 2022 period, compared to SAR 978.90 million, […]
Korean firm, Aramco to set up special steel project at Spark
South Korea’s steel conglomerate SeAH Group has set up a joint venture with Saudi energy giant Aramco to produce special steel pipes, a report said. SeAH Changwon Integrated Special Steel Corp, the group’s special steel maker, said the joint venture, SeAH Gulf Special Steel Industries (SGSI), will accelerate the expansion of the group in the […]
Arabian Cement’s profits hit $23.2mln in H1-22; dividends proposed
Arabian Cement Company has registered net profits after Zakat and tax of SAR 86.90 million during the first half (H1) of 2022, lower by 13.53% than SAR 100.50 million in H1-21. Revenues amounted to SAR 490.30 million in January-June 2022, an annual plunge of 11.58% from SAR 554.50 million, according to the interim financial […]
Saudi Airlines Catering turns profitable at $21.06mln in H1-22
Saudi Airlines Catering Company has turned to net profits after Zakat and tax of SAR 78.80 million during the first half (H1) of 2022, versus net losses of SAR 47.50 million in H1-21. The company generated sales worth SAR 808.10 million during the January-June 2022 period, an annual leap of 57.40% from SAR 513.40 […]
$925mln Saudi investment deals signed in Q2 2022 to create 2,000 jobs
At least 49 investment deals have been signed in Saudi Arabia over the last few months that will create around 2,000 new jobs for the local economy, the kingdom’s investment ministry said. The deals, estimated to be worth at least $925 million, were signed during the second quarter of the year and included diverse sectors […]
Saudi Egyptian Investment’s net profit falls 1.07% YoY in H1
Saudi Egyptian Investment and Finance (SEIG) reported a 1.07% year-on-year (YoY) fall in net profit after tax for the first half (H1) of 2022, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on August 7th. Net profit after tax stood at EGP 11.461 million in H1 2022, compared to a net […]
Saudi German Hospital posts 45.5% higher profits in H1-22 interim results
Middle East Healthcare Company (Saudi German Hospital) reported net profits after Zakat and tax worth SAR 30.92 million in the first half (H1) of 2022, an annual leap of 45.57% from SAR 21.24 million. The revenues stood at SAR 1.02 billion in January-June 2022, higher by 16.74% than SAR 874.94 million in H1-21, according […]
Elm logs $118.4mln profits in H1-22 interim results
Elm Company’s net profits after Zakat and tax surged by 59.14% during the first half (H1) of 2022 to SAR 444 million, compared to SAR 279 million in H1-21. The Saudi firm generated revenues worth SAR 2.13 billion in H1-22, an annual hike of 18.98% from SAR 1.79 billion, according to the interim financial […]
Alujain’s profits tumble to $31.73mln in H1-22 initial financials
Alujain Holding Corporation has posted net profits after Zakat and tax worth SAR 118.75 million in the first half (H1) of 2022, down 22.01% from SAR 152.26 million in H1-21. The company’s revenues plummeted to SAR 1.08 billion in H1-22 from SAR 10 billion in the year-ago period, according to the interim financial results […]