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38 firms disclosed 2023 financials last week
22/03/2024
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A total of 38 Tadawul-listed companies disclosed their 2023 financial results last week.
As many as 25 market players recorded higher profit, six reported profit declines, while seven incurred losses, as follows:
Financial Results of Announced Companies (Million Riyal)
| Company | 2022 | 2023 | Change | Earnings per share | Details | Charts |
|---|---|---|---|---|---|---|
| NASEEJ | (1.38) | (15.93) | (1057.78 %) | (1.46) | Details | Charts |
| MIS | 95.86 | 13.97 | (85.42 %) | 0.47 | Details | Charts |
| SADR | (7.22) | (4.25) | 41.17 % | (0.02) | Details | Charts |
| NORTHERN CEMENT | 112.02 | 56.26 | (49.78 %) | 0.31 | Details | Charts |
| SASCO | 75.18 | 114.55 | 52.38 % | 1.64 | Details | Charts |
| ACIG | (17.34) | 63.41 | 465.58 % | 2.18 | Details | Charts |
| JAZIRA TAKAFUL | 38.52 | 44.25 | 14.89 % | 0.67 | Details | Charts |
| MALATH INSURANCE | (41.38) | 38.19 | 192.29 % | 0.76 | Details | Charts |
| LIVA | (42.95) | 11.26 | 126.21 % | 0.28 | Details | Charts |
| SINAD HOLDING | 10.12 | (132.65) | (1,410.27 %) | (1.05) | Details | Charts |
| AICC | 6.20 | 60.46 | 875.17 % | 1.14 | Details | Charts |
| ALUJAIN | 64.54 | (82.25) | (227.43 %) | (1.19) | Details | Charts |
| SPPC | (9.22) | (132.30) | (1335.05 %) | (2.21) | Details | Charts |
| UCA | (55.48) | 5.29 | 109.54 % | 0.13 | Details | Charts |
| JAHEZ | 58.98 | 125.34 | 112.52 % | 0.60 | Details | Charts |
| SAICO | (61.65) | 71.10 | 215.33 % | 2.37 | Details | Charts |
| MEDGULF | (396.87) | 201.47 | 150.77 % | 1.92 | Details | Charts |
| DAR ALARKAN | 441.72 | 610.76 | 38.27 % | 0.57 | Details | Charts |
| GULF GENERAL | (106.02) | 3.53 | 103.33 % | 0.12 | Details | Charts |
| ALSAGR INSURANCE | (53.46) | 42.30 | 179.12 % | 1.99 | Details | Charts |
| LEEJAM SPORTS | 254.76 | 356.24 | 39.84 % | 6.80 | Details | Charts |
| ALDAWAA | 305.45 | 329.22 | 7.78 % | 3.87 | Details | Charts |
| ALHAMMADI | 257.34 | 303.33 | 17.87 % | 1.90 | Details | Charts |
| RIYADH CEMENT | 189.84 | 188.77 | (0.56 %) | 1.57 | Details | Charts |
| AWPT | 107.44 | 140.02 | 30.32 % | 4.00 | Details | Charts |
| KEC | (19.39) | (45.56) | (134.97 %) | (0.13) | Details | Charts |
| BAAZEEM | 21.78 | 21.65 | (0.57 %) | 0.21 | Details | Charts |
| ENAYA | (6.36) | 20.22 | 418.21 % | 0.88 | Details | Charts |
| SARCO | 28.23 | 7.70 | (72.72 %) | 0.51 | Details | Charts |
| ARABIAN DRILLING | 557.72 | 604.61 | 8.41 % | 6.79 | Details | Charts |
| CHUBB | 12.54 | 24.82 | 97.95 % | 0.62 | Details | Charts |
| NAHDI | 887.81 | 892.62 | 0.54 % | 6.87 | Details | Charts |
| CHEMANOL | 206.43 | (177.80) | (186.13 %) | (2.64) | Details | Charts |
| SPCC | 300.71 | 195.40 | (35.02 %) | 1.40 | Details | Charts |
| SALAMA | (38.87) | 51.30 | 232.00 % | 2.12 | Details | Charts |
| MUTAKAMELA | 8.58 | 36.99 | 331.32 % | 0.62 | Details | Charts |
| ARABIAN SHIELD | (18.23) | 66.94 | 467.30 % | 0.99 | Details | Charts |
| FIPCO | 9.80 | 11.99 | 22.41 % | 1.04 | Details | Charts |
| SAIC | 100.21 | 148.80 | 48.49 % | 2.48 | 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 | 10 | - | 5 | 5 |
| Cement | 14 | 11 | 2 | 9 | - |
| Retail | 28 | 17 | 10 | 5 | 2 |
| Energy & Utilities | 10 | 9 | 5 | 4 | - |
| Electricity | 1 | 1 | 1 | - | - |
| Agriculture and Food Industries | 25 | 9 | 6 | 2 | 1 |
| Telecom & IT | 11 | 7 | 6 | 1 | - |
| Health care | 10 | 4 | 4 | - | - |
| Insurance | 25 | 22 | 22 | - | - |
| Multi-Investment | 6 | 4 | 2 | 1 | 1 |
| Industrial investment | 26 | 12 | 7 | 3 | 2 |
| Building & Construction | 19 | 6 | 4 | 1 | 1 |
| Real Estate Development | 17 | 7 | 2 | 4 | 1 |
| Transportation | 10 | 5 | 2 | 1 | 2 |
| Media and Publishing | 6 | 1 | - | - | 1 |
| Hotels & Tourism | 3 | - | - | - | - |
| Industry | 1 | 1 | - | - | 1 |
| REITS | 19 | - | - | - | - |
| Services | 17 | 4 | 2 | 2 | - |
| Derivatives | 4 | - | - | - | - |
| Index Funds | 17 | - | - | - | - |
| Total | 291 | 140 | 83 | 40 | 17 |
The consolidated profit of the companies that disclosed their results, including Saudi Aramco, dropped by 23.7% year-on-year to SAR 570.51 billion.
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 | 10 | 30,841.29 | (334.61) | (101.08 %) |
| Cement | 14 | 11 | 2,165.43 | 1,809.68 | (16.43 %) |
| Retail | 28 | 17 | 5,725.69 | 5,518.58 | (3.62 %) |
| Energy & Utilities | 10 | 9 | 610,322.29 | 460,513.30 | (24.55 %) |
| Electricity | 1 | 1 | 352.32 | 518.77 | 47.24 % |
| Agriculture and Food Industries | 25 | 9 | 3,060.21 | 3,512.13 | 14.77 % |
| Telecom & IT | 11 | 7 | 16,475.17 | 19,379.80 | 17.63 % |
| Health care | 10 | 4 | 2,352.62 | 2,950.39 | 25.41 % |
| Insurance | 25 | 22 | 339.82 | 3,081.16 | 806.71 % |
| Multi-Investment | 6 | 4 | 175.29 | 95.06 | (45.77 %) |
| Industrial investment | 26 | 12 | 10,327.74 | 2,591.95 | (74.90 %) |
| Building & Construction | 19 | 6 | 280.17 | 516.51 | 84.36 % |
| Real Estate Development | 17 | 7 | 1,173.96 | 1,171.91 | (0.17 %) |
| Transportation | 10 | 5 | 1,474.72 | 2,215.74 | 50.25 % |
| Media and Publishing | 6 | 1 | (9.22) | (132.30) | (1335.05 %) |
| Hotels & Tourism | 3 | - | - | - | - |
| Industry | 1 | 1 | (7.22) | (4.25) | 41.17 % |
| REITS | 19 | - | - | - | - |
| Services | 17 | 4 | 625.24 | 684.97 | 9.55 % |
| Derivatives | 4 | - | - | - | - |
| Index Funds | 17 | - | - | - | - |
| Total | 291 | 140 | 748,197.27 | 574,051.09 | (23.28 %) |
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