Rawasi Albina Investment Co. announces its Annual Financial results for the period ending on 2023-12-31
- Date: 19-Mar-2024
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
Rawasi Albina Investment Co. announces its Annual Financial results for the period ending on 2023-12-31
| 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