Mayar’s 2022 net profit plummets 91% to SAR 1.6 mln

22/06/2023 Argaam Exclusive

Mayar Holding Co.reported a net profit decline of 91% to SAR 1.6 million in 2022, compared to SAR 18.2 million in the year earlier period. 

 



Financials (M)

Item 2021 2022 Change‬
Revenues 286.24 413.79 44.6 %
Gross Income 44.11 55.71 26.3 %
Operating Income 14.93 7.66 (48.7 %)
Net Income 18.22 1.38 (92.4 %)
Average Shares 120.00 120.00 -
EPS (Halala) 15.18 1.15 (92.4 %)


Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 113.90 79.12 (30.5 %)
Gross Income 7.34 13.64 85.8 %
Operating Income (4.63) 3.68 179.6 %
Net Income 1.94 (0.40) (120.4 %)
Average Shares 120.00 120.00 -
EPS (Halala) 1.62 (0.33) (120.4 %)

This was driven by the higher cost of raw materials for the companies operating in Egypt due to export difficulties and currency devaluation. Mayar also cited higher selling and distribution expenses and an increase in general and administrative expenses. Financing charges also rose during the period. 

Shareholders’ equity, excluding minority interest, stood at SAR 77.1 million by Dec. 31, 2022, compared to SAR 14.8 million in the prior-year period.  

 

 

View More Financial Results

 

 

View other reports

Share Price

Mayar Holding Co.
5.83
0.50 9.38 %

Mayar Holding Co. (MAYAR)

More


Financial Ratios
Current
Market Cap (M Riyal) 699.60
Enterprise Value (EV) (M) 944.45
Shares Outstanding ((M)) 120.00
Book Value (BV) ( Riyal) 0.64
Par Value ( Halala) 50.00
Adjusted P/E (Last12) Neg
Price/book 9.07
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2023, Argaam Investment, All Rights Reserved
Call Request