Saudi Top’s net profit plummets 87% to SAR 4.3M in 2023

14/03/2024 Argaam Exclusive

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Share Price

Saudi Top for Trading Co.
6.40
0.00 0.00 %

Saudi Top for Trading Co. (SAUDI TOP)

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Saudi Top for Trading Co. reported a net profit of SAR 4.3 million for 2023, a decline of 87% from SAR 32.3 million a year earlier, due to lower profit margins for most products and decreased revenue on a slump in average selling prices.



Financials (M)

Item 2022 2023 Change‬
Revenues 186.54 142.16 (23.8 %)
Gross Income 54.08 21.48 (60.3 %)
Operating Income 33.95 6.00 (82.3 %)
Net Income 32.26 4.28 (86.7 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.81 0.11 (86.7 %)


Total shareholders’ equity, no minority interest, stood at SAR 68.10 million by Dec. 31, 2023, compared to SAR 85.41 million a year earlier.

 

Interim Results

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2021

92.93

6.62

0.16

H2 2021

98.84

10.48

0.26

H1 2022

105.80

23.40

0.59

H2 2022

80.74

8.86

0.22

H1 2023

67.66

3.16

0.08

H2 2023

74.50

1.12

0.03

 

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

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