Halwani Bros records a net profit of 15.3 million riyals during Q2

Halwani Bros Company recorded a net profit of 15.3 million riyals during the second quarter, compared to a loss of 29.8 million riyals in the same quarter last year. This came after announcing today the preliminary financial results for the period ending June 30, 2024 (six months).

The operating profit amounted to 29.8 million riyals in the second quarter, compared to a loss of 18.6 million riyals in the same quarter last year.

Total equity (after excluding non-controlling interests) amounted to 258.3 million riyals in the 6-month period, compared to 378.5 million riyals in the same period last year, a decrease of 31.7%.

The earnings per share in the current period reached 0.3 riyals, compared to a loss of 0.8 riyals in the same period last year.