These 10 Tadawul-listed firms posted H1 earnings on Wednesday
A total of 10 Tadawul-listed companies have reported financial statements for H1 2018 on Wednesday.
Two companies posted an increase in profit, three companies reported a decline, while five other firms sustained losses during the six-month period.
Financial Results of Announced Companies (Million Riyal)
| Company | 2017-6m | 2018-6m | Change | Earnings per share | Details | Charts |
|---|---|---|---|---|---|---|
| TCC | 9.97 | (47.30) | (574.42 %) | (0.53) | Details | Charts |
| SHARQIYAH DEV | (7.47) | (3.52) | 52.90 % | (0.18) | Details | Charts |
| KINGDOM | 345.39 | 385.71 | 11.67 % | 0.10 | Details | Charts |
| FARM SUPERSTORES | 42.87 | 2.41 | (94.38 %) | 0.05 | Details | Charts |
| SAUDI GERMAN HEALTH | 171.92 | 121.40 | (29.38 %) | 1.32 | Details | Charts |
| RED SEA | 3.13 | (25.23) | (906.42 %) | (0.83) | Details | Charts |
| APC | 0.62 | (16.80) | (2,810.32 %) | (0.08) | Details | Charts |
The total number of companies which posted financial statements for H1 2018 rose to 144, and the remaining Saudi companies still have until today, August 9, 2018 to disclose financials:
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 | 11 | 11 | - | - |
| Cement | 14 | 11 | - | 7 | 4 |
| Retail | 28 | 11 | 6 | 5 | - |
| Energy & Utilities | 10 | 2 | - | 2 | - |
| Electricity | 1 | - | - | - | - |
| Agriculture and Food Industries | 25 | 12 | 3 | 7 | 2 |
| Telecom & IT | 11 | 3 | 1 | - | 2 |
| Health care | 10 | 5 | 2 | 3 | - |
| Insurance | 25 | - | - | - | - |
| Multi-Investment | 6 | 5 | 2 | 2 | 1 |
| Industrial investment | 26 | 15 | 9 | 5 | 1 |
| Building & Construction | 19 | 14 | 2 | 3 | 9 |
| Real Estate Development | 17 | 6 | 2 | 2 | 2 |
| 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 | 114 | 43 | 45 | 26 |
The 10 listed-companies reported an aggregate net profit of SAR 56.3 billion for H1 2018, up 1.3 percent year-on-year (YoY), according to data compiled by Argaam.
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 | 11 | 12,142.63 | 18,238.68 | 50.20 % |
| Cement | 14 | 11 | 1,173.62 | 379.15 | (67.69 %) |
| Retail | 28 | 11 | 863.05 | 765.87 | (11.26 %) |
| Energy & Utilities | 10 | 2 | 7,270.14 | 704.27 | (90.31 %) |
| Electricity | 1 | - | - | - | - |
| Agriculture and Food Industries | 25 | 12 | 1,642.98 | 1,434.21 | (12.71 %) |
| Telecom & IT | 11 | 3 | 4,591.63 | 4,744.64 | 3.33 % |
| Health care | 10 | 5 | 577.07 | 488.78 | (15.30 %) |
| Insurance | 25 | - | - | - | - |
| Multi-Investment | 6 | 5 | 428.94 | 424.58 | (1.02 %) |
| Industrial investment | 26 | 15 | 936.09 | 1,447.38 | 54.62 % |
| Building & Construction | 19 | 14 | 138.04 | (403.81) | (392.54 %) |
| Real Estate Development | 17 | 6 | 277.52 | 626.02 | 125.57 % |
| 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 | 114 | 50,835.95 | 48,754.63 | (4.09 %) |
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