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Thndr Claps » Saudi Claps » Industrials 🏗 » Obeikan benefits from price hikes💰

Obeikan benefits from price hikes💰

by Omar El Shorafa
March 22, 2023

The Clap
Obeikan’s (9531) net profit jumped by 2.3% YoY at the end of 2022.

What
Obeikan, which manufactures, produces and sells transparent float glass and safety glass, benefited from the increase in the prices of its products thanks to high demand, lower financing costs, and the company’s expansion into new markets.

So What
Obeikan’s sales increased by 8.4% YoY in 2022.

Now What
EPS amounted to SAR 7.4 in the past year, compared to SAR 7.24 in 2021.

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