Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) BinDawood Holding Co. reported a net profit after Zakat and tax of SAR 65.5 million for Q1 2022, increasing 5% year-on-year (YoY).
2) Al Abdullatif Industrial Investment Co. widened Q1 2022 net loss to SAR 12.1 million, from SAR 4.4 million in the year-earlier period.
3) Saudi Industrial Exports Co. (SIECO) posted a net loss after Zakat and tax of SAR 4.9 million, compared to SAR 264,000 a year earlier.
4) Development Works Food Co. reported a net loss after Zakat and tax of SAR 2.3 million for Q1 2022, compared to a profit of SAR 100,000 in Q1 2021.
5) Middle East Specialized Cables Co. (MESC) reported a net profit after Zakat and tax of SAR 100,000 in Q1 2022, a slump of 89% YoY.
6) Jazan Energy and Development Co. (JAZADCO) reported a 76% YoY rise in Q1 2022 net profit after Zakat and tax to SAR 3.6 million.
7) Batic Investments and Logistics Co. reported a net profit after Zakat and tax of SAR 800,000 in Q1 2022, versus a net loss of SAR 3.2 million in the year-earlier period.
8) Saudi Public Transport Co. (SAPTCO) narrowed net loss after Zakat and tax to SAR 3.5 million for Q1 2022, from SAR 53.6 million in the same quarter last year.
9) Saudi Marketing Co. (Farm Superstores) reported a net profit after Zakat and tax of SAR 6.2 million in Q1 2022, up 45% YoY.
10) Brent crude fell 0.44% to reach $112.92 per barrel. WTI crude lost 0.45% to reach $109.79/bbl.
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