These 20 companies disclosed 2023 financials last week
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.
The consolidated profit of the companies that disclosed their results dropped by 23% to SAR 110.3 billion compared to a year earlier.
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