{"id":90315,"date":"2024-10-08T00:00:00","date_gmt":"2024-10-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/08\/almajed-oud-reports-22-y-o-y-drop-in-2q-2024-net-income\/"},"modified":"2024-10-08T00:00:00","modified_gmt":"2024-10-08T00:00:00","slug":"almajed-oud-reports-22-y-o-y-drop-in-2q-2024-net-income","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/08\/almajed-oud-reports-22-y-o-y-drop-in-2q-2024-net-income\/","title":{"rendered":"Almajed Oud reports 22% y-o-y drop in 2Q 2024 net income"},"content":{"rendered":"

Newly-listed perfume maker Almajed Oud saw its net income drop 22% year-on-year to<\/strong> SAR 55.5 mn in 2Q 2024<\/strong>, according to a disclosure to Tadawul<\/a>. Revenues rose 5.7% y-o-y to SAR 257 mn, driven by the uptick in sales during Hajj season and the expansion of its store network. <\/p>\n

On a 1H basis:<\/strong> The company\u2019s bottom line grew 18.3% y-o-y to SAR 119.5 mn in 1H 2024, and its revenues increased 21% to SAR 513.1 mn, with both increases also coming on the back of the Hajj season. <\/p>\n","protected":false},"excerpt":{"rendered":"

Net income grew 18.3% y-o-y to SAR 119.5 mn in 1H 2024<\/p>\n","protected":false},"author":1,"featured_media":90316,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[3216,2419,285,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-almajed-oud","tag-capital-markets","tag-earnings-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"4c30f1a3-bf20-42b2-9168-ee24c3e68f83","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/9\/tax-abacus-1600px.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Almajed Oud\u2019s bottom line fell 22% y-o-y in 2Q 2024","related_issue":[90306],"teaser":"Net income grew 18.3% y-o-y to SAR 119.5 mn in 1H 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.2c340010-d211-4059-9e0b-8197cf1cf510.mp3"},"yoast_head":"\nAlmajed Oud reports 22% y-o-y drop in 2Q 2024 net income - 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