Munawla Cargo Reports SAR 2.39M Net Profit in the Six Months 2026
MUNAWLA 9571.SA | 0.00 |
On 2026-08-27 15:35:07 (Saudi Time), Munawla Cargo Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 24,577,549 | 27,589,943 | -10.918 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,389,816 | 1,555,474 | 53.639 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 35,256,548 | 32,866,732 | 7.271 | ||
| Profit (Loss) per Share | 0.79 | 0.52 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in revenue during the current period compared to the corresponding period of the previous year is attributable to a decrease in sea shipments due to the impact of security disturbances on maritime navigation |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit during the current period compared to the corresponding period of the previous year is attributable to the improvement and reversal of the expected credit loss provision during the period, as well as a decrease in zakat expense |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | The comparative figures in the statement of income have been reclassified |
| Additional Information | None |
Year-on-Year Performance Drivers
Sales/Revenue declined 10.918% YoY from SAR 27.59 million to SAR 24.58 million, primarily due to a decrease in sea shipments caused by the impact of security disturbances on maritime navigation. Despite the revenue decline, net profit attributable to shareholders surged 53.639% YoY from SAR 1.56 million to SAR 2.39 million, driven by the improvement and reversal of the expected credit loss provision during the period, as well as a reduction in zakat expense.
Other Items
The external auditor issued an unmodified conclusion for the period. Total shareholders' equity (after deducting minority equity) stood at SAR 35,256,548, up 7.271% from SAR 32,866,732 in the same period of the prior year. Earnings per share increased to SAR 0.79 from SAR 0.52 in the corresponding prior-year period. No accumulated losses were reported. The company noted that comparative figures in the income statement have been reclassified.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97829&anCat=1&cs=9571&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.