Al Arabia Q1 profit surges to SAR 64.9 mln

18/05/2022 Argaam Exclusive

Arabian Contracting Services Co. posted a net profit after Zakat and tax of SAR 64.9 million for the first quarter of 2022, more than double from SAR 29.6 million a year earlier, according to a bourse filing. 

Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 148.58 287.40 93.4 %
Gross Income 50.12 104.46 108.4 %
Operating Income 36.65 80.72 120.2 %
Net Income 29.63 64.89 119.0 %
Average Shares 50.00 50.00 -
EPS (Riyals) 0.59 1.30 119.0 %

The profit increase year-on-year was driven by the continuous digital transformation, which increased the advertising spaces. 

 

The company also cited a 93% increase YoY in Q1 2022 revenues and higher net operating profit.  

 

When compared to the previous quarter, net profit fell 8% from SAR 70.59 million, due to the partial increase in billboard rental costs and financing expenses.  

 

Shareholders’ equity, after minority interest, increased by 43% to SAR 796.168 million, from SAR 556.42 million in the same quarter a year earlier.  

View more financial results

 

View other reports

Share Price

Arabian Contracting Services Co.
122.00
3.00 2.52 %

Arabian Contracting Services Co. (ALARABIA)

Financial Ratios
Current
Market Cap (M Riyal) 6,100.00
Enterprise Value (EV) (M) 6,277.96
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) 5.49
Book Value (BV) ( Riyal) 16.40
Adjusted P/E (Last12) 22.21
P/E (TTM) 22.21
Price/book 7.44
Return on Average Assets (%) (TTM) 9.2
Return on Average Equity (%) (TTM) 35.4
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