Al Kathiri Holding Co. reported a net loss of SAR 4.5 million in 2023 against a net profit of SAR 1.7 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 129.37 | 129.18 | (0.1 %) |
| Gross Income | 15.07 | 22.75 | 51.0 % |
| Operating Income | 3.23 | 3.33 | 3.0 % |
| Net Income | 1.71 | (4.14) | (342.1 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 0.76 | (1.83) | (342.1 %) |
The company attributed the losses to lower cement sales, higher financing costs (FCs), and reporting non-recurring expenses from listing the first issue of Al Kathiri Sukuk.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 50.81 | 34.40 | (32.3 %) |
| Gross Income | 10.61 | 1.38 | (87.0 %) |
| Operating Income | 5.45 | (4.86) | (189.1 %) |
| Net Income | 5.65 | (7.37) | (230.5 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 2.50 | (3.26) | (230.5 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 30.00 | 34.40 | 14.6 % |
| Gross Income | 8.48 | 1.38 | (83.8 %) |
| Operating Income | 3.27 | (4.86) | (248.6 %) |
| Net Income | 1.03 | (7.37) | (815.8 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 0.46 | (3.26) | (815.8 %) |
In Q4 2023, Al Kathiri incurred net losses of SAR 7.75 million, compared to net profits of SAR 5.65 million in Q4 2022 and SAR 1.03 million in Q3 2023.
Total shareholders’ equity, after excluding minority interest, stood at SAR 131.03 million by Dec. 31, 2023, compared to SAR 135.21 million in the prior-year period.
On Oct. 28, 2023, Al Kathiri’s board of directors approved setting up a 100% owned one-person limited liability subsidiary with a capital of SAR 10 million.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}