-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
These 20 companies disclosed 2023 financials last week
08/03/2024
Argaam Exclusive
AI Summary
Content Summary:
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
A total of 20 Tadawul-listed companies disclosed their 2023 financial results last week, including Saudi Electricity Co. (SEC), Mobile Telecommunication Company Saudi Arabia (Zain KSA), Sahara International Petrochemical Co. (Sipchem), and National Industrialization Co. (Tasnee).
As many as seven market players realized a profit rise, 10 reported a profit decline, while three incurred losses, as follows:
Financial Results of Announced Companies (Million Riyal)
| Company | 2022 | 2023 | Change | Earnings per share | Details | Charts |
|---|---|---|---|---|---|---|
| SHL | 95.89 | 2.33 | (97.57 %) | - | Details | Charts |
| SACO | (142.50) | (68.97) | 51.60 % | (1.92) | Details | Charts |
| TAWUNIYA | 302.19 | 616.43 | 103.98 % | 4.11 | Details | Charts |
| GAS | 67.38 | 81.47 | 20.90 % | 0.52 | Details | Charts |
| ALANDALUS | 66.77 | 36.42 | (45.46 %) | 0.39 | Details | Charts |
| RIYADH CABLES | 352.32 | 518.77 | 47.24 % | 3.46 | Details | Charts |
| MARAFIQ | 845.65 | 587.00 | (30.59 %) | 2.35 | Details | Charts |
| THIMAR | (2.96) | (6.53) | (120.94 %) | (1.00) | Details | Charts |
| SAUDI CEMENT | 398.84 | 381.03 | (4.47 %) | 2.49 | Details | Charts |
| MESC | (11.79) | 48.94 | 515.12 % | 1.22 | Details | Charts |
| SAUDI ENERGY | 7,473.85 | 2,587.92 | (65.37 %) | 0.62 | Details | Charts |
| APC | (10.49) | 132.11 | 1359.58 % | 0.66 | Details | Charts |
| ADES | 390.45 | 442.10 | 13.23 % | 0.39 | Details | Charts |
| SAPTCO | (90.87) | (35.58) | 60.84 % | (0.28) | Details | Charts |
| TASNEE | 666.35 | 201.63 | (69.74 %) | 0.30 | Details | Charts |
| AMAK | 126.33 | 54.58 | (56.79 %) | 0.61 | Details | Charts |
| SIPCHEM | 3,595.29 | 1,174.99 | (67.32 %) | 1.60 | Details | Charts |
| SAL | 362.41 | 509.72 | 40.65 % | 6.37 | Details | Charts |
| ALAKARIA | 110.54 | 67.63 | (38.81 %) | 0.18 | Details | Charts |
| ZAIN KSA | 549.67 | 1,267.01 | 130.50 % | 1.41 | Details | Charts |
| BAWAN | 162.85 | 136.04 | (16.46 %) | 2.27 | Details | Charts |
| OGC | 177.65 | 67.66 | (61.91 %) | 2.11 | Details | Charts |
The official deadline for 2023 earnings season falls on March 31.
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 | 8 | 2 | - |
| Petrochemical Industries | 12 | 8 | - | 5 | 3 |
| Cement | 14 | 5 | 1 | 4 | - |
| Retail | 28 | 11 | 5 | 4 | 2 |
| Energy & Utilities | 10 | 5 | 2 | 3 | - |
| Electricity | 1 | 1 | 1 | - | - |
| Agriculture and Food Industries | 25 | 7 | 5 | 2 | - |
| Telecom & IT | 11 | 5 | 5 | - | - |
| Health care | 10 | 2 | 2 | - | - |
| Insurance | 25 | 4 | 4 | - | - |
| Multi-Investment | 6 | - | - | - | - |
| Industrial investment | 26 | 7 | 4 | 3 | - |
| Building & Construction | 19 | 5 | 3 | 1 | 1 |
| Real Estate Development | 17 | 4 | 1 | 3 | - |
| Transportation | 10 | 3 | 2 | - | 1 |
| Media and Publishing | 6 | - | - | - | - |
| Hotels & Tourism | 3 | - | - | - | - |
| Industry | 1 | - | - | - | - |
| REITS | 19 | - | - | - | - |
| Services | 16 | 2 | 1 | 1 | - |
| Derivatives | 4 | - | - | - | - |
| Index Funds | 17 | - | - | - | - |
| Total | 290 | 79 | 44 | 28 | 7 |
The consolidated profit of the companies that disclosed their results dropped by 23% to SAR 110.3 billion compared to a year earlier.
Accumulative Results –Net Income Sector Statistics
| Sector | Number of sector companies | No. of disclosing companies | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Banks | 10 | 10 | 62,521.75 | 69,962.31 | 11.90 % |
| Petrochemical Industries | 12 | 8 | 30,570.32 | (74.57) | (100.24 %) |
| Cement | 14 | 5 | 1,023.15 | 913.20 | (10.75 %) |
| Retail | 28 | 11 | 4,062.06 | 3,527.76 | (13.15 %) |
| Energy & Utilities | 10 | 5 | 12,228.06 | 6,788.35 | (44.49 %) |
| Electricity | 1 | 1 | 352.32 | 518.77 | 47.24 % |
| Agriculture and Food Industries | 25 | 7 | 2,839.82 | 3,389.94 | 19.37 % |
| Telecom & IT | 11 | 5 | 15,449.12 | 18,009.59 | 16.57 % |
| Health care | 10 | 2 | 1,820.82 | 2,286.94 | 25.60 % |
| Insurance | 25 | 4 | 1,195.61 | 2,013.18 | 68.38 % |
| Multi-Investment | 6 | - | - | - | - |
| Industrial investment | 26 | 7 | 10,213.30 | 2,355.67 | (76.94 %) |
| Building & Construction | 19 | 5 | 186.00 | 315.48 | 69.61 % |
| Real Estate Development | 17 | 4 | 451.27 | 335.17 | (25.73 %) |
| Transportation | 10 | 3 | 1,312.45 | 2,087.56 | 59.06 % |
| Media and Publishing | 6 | - | - | - | - |
| Hotels & Tourism | 3 | - | - | - | - |
| Industry | 1 | - | - | - | - |
| REITS | 19 | - | - | - | - |
| Services | 16 | 2 | 141.66 | 169.57 | 19.70 % |
| Derivatives | 4 | - | - | - | - |
| Index Funds | 17 | - | - | - | - |
| Total | 290 | 79 | 144,367.71 | 112,598.91 | (22.01 %) |
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
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.
Call Request
Comments Analysis: