12 firms disclosed H1 financial results on Sunday
The total of 12 Tadawul-listed companies revealed their financial results for the first half of 2018 on Sunday, before the opening session.
One firm reported higher net profit for H1, while eight companies saw a decline in earnings.
Three companies posted losses for the period, as shown in the table below:
Financial Results of Announced Companies (Million Riyal)
Distribution of Financial Results of Announced companies by sector
| Sector | Number of sector companies | No. of disclosing companies | Companies with growth in income | Companies with a decreasing income | Companies incurring losses |
|---|---|---|---|---|---|
| Banks | 10 | 10 | 4 | 6 | - |
| Petrochemical Industries | 12 | 10 | 10 | - | - |
| Cement | 14 | 8 | - | 5 | 3 |
| Retail | 28 | 9 | 5 | 4 | - |
| Energy & Utilities | 10 | 2 | - | 2 | - |
| Electricity | 1 | - | - | - | - |
| Agriculture and Food Industries | 25 | 7 | 2 | 5 | - |
| Telecom & IT | 11 | 3 | 1 | - | 2 |
| Health care | 10 | 4 | 2 | 2 | - |
| Insurance | 25 | - | - | - | - |
| Multi-Investment | 6 | 2 | 1 | 1 | - |
| Industrial investment | 26 | 14 | 8 | 5 | 1 |
| Building & Construction | 19 | 11 | 2 | 3 | 6 |
| Real Estate Development | 17 | 4 | 2 | 1 | 1 |
| Transportation | 10 | 4 | - | 3 | 1 |
| Media and Publishing | 6 | 2 | 1 | - | 1 |
| Hotels & Tourism | 3 | 2 | - | - | 2 |
| Industry | 1 | - | - | - | - |
| REITS | 19 | - | - | - | - |
| Services | 17 | 1 | - | - | 1 |
| Derivatives | 4 | - | - | - | - |
| Index Funds | 17 | - | - | - | - |
| Total | 291 | 93 | 38 | 37 | 18 |
Accumulative Results –Net Income Sector Statistics
| Sector | Number of sector companies | No. of disclosing companies | 2017-6m | 2018-6m | Change |
|---|---|---|---|---|---|
| Banks | 10 | 10 | 19,822.93 | 19,267.28 | (2.80 %) |
| Petrochemical Industries | 12 | 10 | 12,066.66 | 17,708.03 | 46.75 % |
| Cement | 14 | 8 | 1,052.66 | 380.76 | (63.83 %) |
| Retail | 28 | 9 | 818.31 | 758.93 | (7.26 %) |
| Energy & Utilities | 10 | 2 | 7,270.14 | 704.27 | (90.31 %) |
| Electricity | 1 | - | - | - | - |
| Agriculture and Food Industries | 25 | 7 | 1,399.80 | 1,358.93 | (2.92 %) |
| Telecom & IT | 11 | 3 | 4,591.63 | 4,744.64 | 3.33 % |
| Health care | 10 | 4 | 405.15 | 367.38 | (9.32 %) |
| Insurance | 25 | - | - | - | - |
| Multi-Investment | 6 | 2 | 57.18 | 30.87 | (46.02 %) |
| Industrial investment | 26 | 14 | 917.65 | 1,418.37 | 54.57 % |
| Building & Construction | 19 | 11 | 118.56 | (243.81) | (305.64 %) |
| Real Estate Development | 17 | 4 | 197.92 | 595.79 | 201.03 % |
| Transportation | 10 | 4 | 936.44 | 573.19 | (38.79 %) |
| Media and Publishing | 6 | 2 | (3.84) | 75.54 | 2067.60 % |
| Hotels & Tourism | 3 | 2 | 21.98 | (7.71) | (135.09 %) |
| Industry | 1 | - | - | - | - |
| REITS | 19 | - | - | - | - |
| Services | 17 | 1 | 16.72 | (3.43) | (120.53 %) |
| Derivatives | 4 | - | - | - | - |
| Index Funds | 17 | - | - | - | - |
| Total | 291 | 93 | 49,689.91 | 47,729.03 | (3.95 %) |
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