Thimar Development Holding Co. trimmed 2022 net loss to SAR 4.7 million, compared to SAR 162.5 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 0.43 | - | - |
| Gross Income | 0.02 | - | - |
| Operating Income | (48.35) | (6.77) | 86.0 % |
| Net Income | (162.45) | (2.96) | 98.2 % |
| Average Shares | 3.87 | 3.87 | - |
| EPS (Riyals) | (42.00) | (0.76) | 98.2 % |
This was driven by a SAR 71 million slump in general and administrative expenses, a drop of SAR 22 million in credit loss provisions, in addition to an increase of SAR 2 million in other revenue.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Gross Income | (0.02) | - | - |
| Operating Income | (43.91) | (3.03) | 93.1 % |
| Net Income | (158.72) | (3.03) | 98.1 % |
| Average Shares | 3.87 | 3.87 | - |
| EPS (Riyals) | (41.04) | (0.78) | 98.1 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Operating Income | (1.32) | (3.03) | (130.5 %) |
| Net Income | (1.32) | (3.03) | (130.5 %) |
| Average Shares | 3.87 | 3.87 | - |
| EPS (Riyals) | (0.34) | (0.78) | (130.5 %) |
Q4 net loss shrank to SAR 5.6 million from SAR 158.72 million in the prior-year period.
On a sequential basis, net losses widened from SAR 1.10 million in Q3 2022.
Shareholders’ equity, no minority interest, stood at (SAR 99.14 million) by Dec. 31, 2022, compared to (SAR 126.21 million) in the year-earlier period.
Accumulated losses reached SAR 233.65 million by Dec. 31, 2022, representing -233.65% of capital. Accumulated losses accounted for more than 100% of capital in 2021 and represented more than 50% of capital in 2020 and 2019.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}