Tourism Enterprise Co. (Shams) narrowed 2022 net loss to SAR 7.2 million, from SAR 14 million a year earlier, on higher other revenue and lower provisions.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 15.98 | 10.15 | (36.4 %) |
| Gross Income | 5.15 | (0.42) | (108.2 %) |
| Operating Income | (12.97) | (7.36) | 43.3 % |
| Net Income | (14.04) | (7.23) | 48.5 % |
| Average Shares | 677.40 | 1,156.47 | 70.7 % |
| EPS (Halala) | (2.07) | (0.63) | 69.8 % |
Q4 2022 net loss stood at SAR 6 million, versus a net profit at SAR 0.01 million in the year-earlier period.
On a sequential basis, net loss deepened from SAR 1.39 million in Q3 2022.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 3.76 | 2.86 | (24.0 %) |
| Gross Income | 1.82 | (1.16) | (163.6 %) |
| Operating Income | 0.19 | (6.24) | (3330.6 %) |
| Net Income | 0.01 | (6.00) | (120126.0 %) |
| Average Shares | 677.40 | 1,156.47 | 70.7 % |
| EPS (Halala) | 0.00 | (0.52) | (70405.3 %) |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 2.57 | 2.86 | 11.3 % |
| Gross Income | 0.21 | (1.16) | (654.5 %) |
| Operating Income | (1.38) | (6.24) | (353.1 %) |
| Net Income | (1.39) | (6.00) | (332.6 %) |
| Average Shares | 677.40 | 1,156.47 | 70.7 % |
| EPS (Halala) | (0.20) | (0.52) | (153.4 %) |
Total shareholders’ equity, excluding minority interest, stood at SAR 550.81 million by Dec. 31, 2022, compared to SAR 55.43 million a year earlier.
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