Saudi Industrial Export Co. (Sadirat) trimmed Q1 2023 net loss by 64.7% to SAR 1.7 million, from SAR 4.9 million in the year-earlier period.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 0.06 | 4.33 | 6779.4 % |
| Gross Income | 0.06 | 0.34 | 431.7 % |
| Operating Income | (5.04) | (4.17) | 17.3 % |
| Net Income | (4.88) | (1.72) | 64.8 % |
| Average Shares | 16.30 | 19.44 | 19.2 % |
| EPS (Riyals) | (0.30) | (0.09) | 70.5 % |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 0.09 | 4.33 | 4998.8 % |
| Gross Income | 0.09 | 0.34 | 294.1 % |
| Operating Income | (4.65) | (4.17) | 10.4 % |
| Net Income | (2.95) | (1.72) | 41.9 % |
| Average Shares | 19.44 | 19.44 | - |
| EPS (Riyals) | (0.15) | (0.09) | 41.9 % |
The company recorded higher sales and a decrease in provisions for other receivables, compared to Q1 2022. Additionally, the company made profits from its investments by utilizing a portion of its cash liquidity. On the other hand, administrative expenses went up.
Net losses decreased by 41.7% from SAR 2.95 million in Q4 2022, driven by higher sales and better value of its market investments.
Shareholders’ equity, no minority interest, soared to SAR 158.3 million as of March 31, 2023, from SAR 8.08 million in the year-earlier period.
Accumulated losses reached SAR 37.21 million by the end of the three-month period, representing 19% of the company’s capital.
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}}