‎MBC Group posts SAR 46.3M earnings in H1 2023

22/11/2023
Argaam Exclusive

MBC Holding Group, which is set to be listed on the Saudi Exchange, reported net earnings of SAR 46.3 million for H1 2023, against losses of SAR 28.9 million a year before.



The improved results were attributed to a rise in revenues to SAR 1.89 billion from SAR 1.62 billion in H1 2022. In addition, the company’s share in associates’ earnings increased from SAR 1 million to SAR 22.3 million during the six-month period.

The company also received compensation worth SAR 39.4 million for business losses despite receiving SAR 65.6 million in H1 2022.

Gross profit margin grew from 15% to 24%.

However, MBC recorded SAR 5 million unrealized losses on investment in financial assets at fair value, compared to unrealized profits of SAR 46.6 million a year before.



Current Quarter Comparison (M)

Item
Q2 2022
Q2 2023
Change‬

Revenues

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–

–

Gross Income

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–

–

Operating Income

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–

–

Net Income

–

–

–

Average Shares

–

–

–

EPS (Riyals)

–

–

–

Shareholders’ equity, after minority interest, reached SAR 2.99 billion at the end of H1 2023, compared with SAR 2.87 billion a year earlier.

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Share Price



Financial results (Million)

Multiple Ratios (End of Period Price)

Compared With The

Period
P/E
Adjusted P/E
Price/book

Q1 2023

–
–
–

Q2 2023

–
–
–

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