MBC Group posts SAR 109.5M profit in Q1 2024

16/05/2024 Argaam Exclusive

View other reports

Share Price

MBC Group Co.
46.30
(0.40) (0.86 %)

MBC Group Co. (MBC GROUP)

More
MBC Group Co. reported a net profit of SAR 109.5 million in Q1 2024, compared to a net loss of SAR 22.9 million a year ago.


Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 909.00 1,235.75 35.9 %
Gross Income 160.00 344.91 115.6 %
Operating Income (49.84) 64.31 229.0 %
Net Income (22.91) 109.50 577.9 %
Average Shares 299.25 332.50 11.1 %
EPS (Riyals) (0.08) 0.33 530.1 %

The improved results were supported by a 36% leap in total revenues, as well as a 116% surge in gross profit. The group also cited a net profit margin of 10% against a negative margin of -2% a year earlier.

 
The Group does not have comparative figures for the current reporting period, as it was incorporated on April 20, 2023.
 
Shareholders’ equity, after minority interest, reached SAR 3.88 billion by March 31, 2024, with no comparative data.
 
Attached Document:
 

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.