Riyadh – National Gas and Industrialization Company (GASCO) registered SAR 214.10 million in net profit after Zakat and tax in 2022, an annual rise of 6.30% from SAR 201.40 million.

In the 12-month period that ended on 31 December 2022, the revenues climbed by 9.24% year-on-year (YoY) to SAR 2.08 billion from SAR 1.90 billion, according to the income statements.

Earnings per share (EPS) stood at SAR 2.85 last year, higher than SAR 2.68 in 2021.

Last December, GASCO paid out SAR 75 million as cash dividends for the second half (H2) of 2022.

During the first nine months (9M) of 2022, the Tadawul-listed firm logged net profits after Zakat and tax worth SAR 159.40 million, a 1.27% YoY growth from SAR 157.40 million.

Revenues jumped by 5.48% to SAR 1.50 billion in 9M-22 from SAR 1.42 billion in 9M-21, whereas the EPS went up to SAR 2.13 from SAR 2.10.

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