Latest news with #Syndigateinfo
Zawya
2 days ago
- Business
- Zawya
Saudi: Nadec's profits cross $58.26mln in H1-25; sales up 12%
Riyadh – National Agricultural Development Company (Nadec) recorded an annual rise of 2.56% in net profit to SAR 218.68 million during the first half (H1) of 2025, versus SAR 213.21 million. Nadec reported sales amounting to SAR 1.84 billion as of 30 June 2025, up 11.79% year-on-year (YoY) from SAR 1.64 billion, according to the financial results. The earnings per share (EPS) edged up to SAR 0.72 in H1-25 from SAR 0.71 a year earlier. Income Statements for Q2-25 In the second quarter (Q2) of 2025, the company achieved profits valued at SAR 115.26 million, marking a 3.02% YoY jump from SAR 111.88 million. The revenues grew by 5.11% to SAR 830.47 million in Q2-25 from SAR 790.06 million a year earlier. Quarter-on-quarter (QoQ), the Q2-25 net profits climbed by 11.44% from SAR 103.42 million in Q1-25, while revenues shrank by 17.89% from SAR 1.01 billion. In the 12-month period that ended on 31 December 2024, Nadec registered 156.45% YoY higher net profits at SAR 774.63 million, compared to SAR 302.06 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Saudi: Bank Albilad sees 11.5% higher profits in H1-25; dividends announced
The net profits of Bank Albilad surged by 11.58% year-on-year (YoY) to SAR 1.46 billion in the first half (H1) of 2025 from SAR 1.31 billion. The earnings per share (EPS) went up to SAR 0.98 in H1-25 from SAR 0.88 in H1-24, according to the interim financial results. Likewise, the clients' deposits recorded an 8.20% year-on-year (YoY) rise to SAR 123.92 billion in the first six months (6M) of 2025, compared to SAR 114.53 billion. Assets jumped by 11.43% to SAR 161.90 billion in H1-25 from SAR 145.29 billion in H1-24, while the investments climbed by 25.10% to SAR 28.63 billion from SAR 22.89 billion. Financials for Q2 In the second quarter (Q2) of 2025, Bank Albilad logged net profits amounting to SAR 765.80 million, an annual leap of 14.16% from SAR 670.80 million. Quarterly, the Q2-25 net profits climbed by 9.33% from SAR 700.40 million in January-March 2025. Dividends The board members announced cash dividends after Zakat of SAR 675 million, equivalent to 4.50% of the bank's share capital, for H1-25. Bank Albilad will distribute SAR 0.45 per share for 1.50 billion eligible shares, according to a bourse statement. Eligibility and distribution dates for the dividends will be 5 and 20 August 2025, respectively. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Saudi: Astra Industrial's profits near $92.5mln in H1-25; revenues down 6%
Astra Industrial Group generated 8.88% higher net profits at SAR 346.79 million in the first half (H1) of 2025, versus SAR 318.48 million in H1-24. The revenues hit SAR 1.54 billion at the end of June 2025, lower by 6.25% year-on-year (YoY) than SAR 1.65 billion, according to financial statements. Earnings per share (EPS) jumped YoY to SAR 4.33 in the first six months (6M) of 2025 from SAR 3.98. Results for Q2-25 In the second quarter (Q2) of 2025, the company's net profits increased by 3.66% to SAR 174.92 million from SAR 168.74 million in Q2-24. Revenues dropped by 12.69% to SAR 715.11 million in the three-month period that ended on 30 June 2025 from SAR 819.09 million a year earlier. Quarterly, the Q2-25 net profits grew by 1.77% from SAR 171.87 million in Q1-25, while revenues plunged by 14.22% from SAR 833.72 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Zawya
Oman: Over 89,000 visit Al Jabal Al Akhdhar
The number of visitors to the Wilayat of Al Jabal Al Akhdhar in the Al Dakhiliyah Governorate from January to the end of June reached 89,780, compared to 84,869 visitors during the same period in 2024, marking an increase of 5.8 per cent. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Saudi: Ayyan Investment witnesses turn to profitability in H1, Q2-25
Riyadh – Ayyan Investment Company has generated net profits worth SAR 384.26 million in the first half (H1) of 2025, against net losses of SAR 104.26 million in H1-24. The earnings per share (EPS) stood at SAR 3.83 at the end of June 2025, versus a loss per share of SAR 1.29 in the same period a year earlier, according to the income statements. Meanwhile, the revenues shrank by 49.50% year-on-year (YoY) to SAR 4.55 million during January-June 2025 from SAR 9.02 million. Financial Results of Q2 In the second quarter (Q2) of 2025, Ayyan Investment also swung to net profits of SAR 17.78 million versus net losses of SAR 48.35 million in Q2-24. The revenues decreased by 47.32% to SAR 2.03 million in Q2-25 from SAR 3.86 million in Q2-24. On a quarterly basis, the Q2-25 net profits were 95.14% lower than SAR 366.48 million in Q1-25 while the revenue declined by 19.46% from SAR 2.52 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
