National Gas and Industrialization Co. (GASCO) reported a year-on-year flat net profit of SAR 73 million for the first quarter of 2023, citing the lack of major changes.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 517.18 | 614.93 | 18.9 % |
| Gross Income | 76.44 | 90.32 | 18.2 % |
| Operating Income | 33.64 | 50.42 | 49.9 % |
| Net Income | 70.64 | 72.98 | 3.3 % |
| Average Shares | 75.00 | 75.00 | - |
| EPS (Riyals) | 0.94 | 0.97 | 3.3 % |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 571.19 | 614.93 | 7.7 % |
| Gross Income | 67.58 | 90.32 | 33.6 % |
| Operating Income | 30.56 | 50.42 | 65.0 % |
| Net Income | 54.67 | 72.98 | 33.5 % |
| Average Shares | 75.00 | 75.00 | - |
| EPS (Riyals) | 0.73 | 0.97 | 33.5 % |
The first-quarter net profit jumped 33.5% from SAR 54.67 million in Q4 2022.
Shareholders’ equity, no minority interest, increased to SAR 1.87 billion as of March 31, 2023, from SAR 1.80 billion a year earlier.
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