TAQAT widens H1 2024 loss to SAR 4.3M

01/09/2024 Argaam Exclusive

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TAQAT Mineral Trading Co. widened its net loss in H1 2024 to SAR 4.3 million from SAR 2.8 million a year earlier.

This was due to a rise in public and administrative expenses related to its listing on the Nomu-Parallel Market, as well as higher financing costs.

 

However, TAQAT posted robust sales, mainly due to higher sales volume.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 78.23 84.87 8.5 %
Gross Income 1.31 1.14 (13.0 %)
Operating Income (2.20) (3.61) (63.7 %)
Net Income (2.76) (4.33) (56.8 %)
Average Shares 9.75 12.19 25.0 %
Earnings Per Share before unusual items (Riyal) (0.28) (0.35) (25.4 %)
EPS (Riyal) (0.28) (0.35) (25.4 %)

Total shareholders’ equity, no minority interest, stood at SAR 123.91 million as of June 30, 2024, compared to SAR 85.33 million a year ago.

 

Accumulated losses reached SAR 17.99 million at the end of H1 2024, accounting for 14.76% of the company’s capital.

 

Historical Data

Period

Revenue

(SAR mln)

Net profit

(SAR mln)

EPS

(SAR)

H1 2022

141.86

2.55

0.26

H2 2022

98.12

(1.72)

(0.18)

H1 2023

78.23

(2.76)

(0.28)

H2 2023

78.18

(8.86)

(0.91)

H2 2024

84.87

(4.33)

(0.35)

 

View more financial results

 

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Share Price

Taqat Mineral Trading Co.
13.47
(0.03) (0.22 %)

Taqat Mineral Trading Co. (TAQAT)

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Financial Ratios
Current
Market Cap (M Riyal) 164.17
Enterprise Value (EV) (M Riyal) 176.91
Shares Outstanding ((M)) 12.19
Book Value (BV) ( Riyal) 9.60
Par Value ( Riyal) 10.00
Recurring P/E Neg
Price/book 1.40
EV/adj EBITDA 300.71
EV/Revenues 0.62
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