| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 678.46 | 583.56 | (14.0 %) |
| Gross Income | 188.49 | 151.10 | (19.8 %) |
| Operating Income | 143.55 | 111.96 | (22.0 %) |
| Net Income | 130.51 | 141.97 | 8.8 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 1.45 | 1.58 | 8.8 % |
The profit growth was driven by higher financial investment returns, as well as lower selling and marketing expenses. The company also cited a decrease in general and administrative expenses and lower Zakat expenses, despite a fall in sales.
The cement producer posted a 14% drop year-on-year (YoY) in revenues due to lower sales volume and average selling prices.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 217.05 | 151.46 | (30.2 %) |
| Gross Income | 77.35 | 43.83 | (43.3 %) |
| Operating Income | 59.32 | 30.78 | (48.1 %) |
| Net Income | 53.04 | 40.89 | (22.9 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.59 | 0.45 | (22.9 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 120.84 | 151.46 | 25.3 % |
| Gross Income | 13.07 | 43.83 | 235.5 % |
| Operating Income | 6.08 | 30.78 | 406.3 % |
| Net Income | 8.05 | 40.89 | 408.2 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.09 | 0.45 | 408.2 % |
In Q4 2023, net profit dropped 23% to SAR 40.9 million, from SAR 53 million in the prior-year period.
Compared to the previous quarter, net profit soared from SAR 8.05 million in Q3 2023.
Total shareholders’ equity, no minority interest, declined to SAR 1.57 billion as of Dec. 31, 2023, from SAR 1.66 billion a year earlier.
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}}