Riyadh Cables Co. reported a net profit of SAR 384.5 million in the first nine months of 2023, up 56% from SAR 246 million a year earlier on an 18.2% increase on sales revenue coupled with product mix.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Revenues | 5,021.59 | 5,935.52 | 18.2 % |
| Gross Income | 457.51 | 734.65 | 60.6 % |
| Operating Income | 305.12 | 501.96 | 64.5 % |
| Net Income | 246.00 | 384.62 | 56.4 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 1.64 | 2.56 | 56.4 % |
The third-quarter net profit grew 43% to SAR 132.70 million, from SAR 92.62 million in Q3 2022.
| Item | Q3 2022 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 1,769.30 | 2,080.72 | 17.6 % |
| Gross Income | 163.92 | 279.21 | 70.3 % |
| Operating Income | 109.26 | 176.75 | 61.8 % |
| Net Income | 92.73 | 132.73 | 43.1 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.62 | 0.88 | 43.1 % |
| Item | Q2 2023 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 1,917.53 | 2,080.72 | 8.5 % |
| Gross Income | 236.71 | 279.21 | 18.0 % |
| Operating Income | 157.60 | 176.75 | 12.1 % |
| Net Income | 126.97 | 132.73 | 4.5 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.85 | 0.88 | 4.5 % |
The Q3 2023 earnings rose 4.5% from SAR 126.94 million in the previous quarter.
Total shareholders’ equity, excluding minority interest, reached SAR 2.27 billion as of Sept. 30, 2023, compared to SAR 1.97 billion a year earlier.
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}}