Knowledge Economic City (KEC) trimmed 2022 net loss to SAR 19.4 million, from SAR 22.1 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 42.45 | 56.69 | 33.5 % |
| Gross Income | 10.47 | 18.02 | 72.1 % |
| Operating Income | (14.38) | (39.26) | (173.1 %) |
| Net Income | (22.09) | (19.39) | 12.2 % |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.07) | (0.06) | 12.2 % |
This was fostered by higher sales, increased gross profit, in addition to generating SAR 14.6 million income from a derivative instrument.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 8.94 | 17.11 | 91.3 % |
| Gross Income | 1.80 | 4.93 | 174.6 % |
| Operating Income | (9.72) | (12.32) | (26.7 %) |
| Net Income | (19.51) | (8.65) | 55.7 % |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.06) | (0.03) | 55.7 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 10.16 | 17.11 | 68.5 % |
| Gross Income | 3.70 | 4.93 | 33.4 % |
| Operating Income | (9.01) | (12.32) | (36.8 %) |
| Net Income | 4.63 | (8.65) | (286.8 %) |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | 0.01 | (0.03) | (286.8 %) |
Q4 2022 net loss shrank to SAR 8.7 million, from SAR 19.5 million in the prior-year period.
On a sequential basis, KEC turned to losses from SAR 4.63 million net profit in Q3 2022.
Shareholders’ equity, excluding minority interest, reached SAR 3.05 billion as of Dec. 31, 2022, compared to SAR 3.07 billion a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}