Al-Omran Industrial Trading Co. swung to SAR 13.9 million losses in 2023, versus a net profit of SAR 5.8 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 126.93 | 130.44 | 2.8 % |
| Gross Income | 34.69 | 19.54 | (43.7 %) |
| Operating Income | 11.92 | (5.58) | (146.8 %) |
| Net Income | 5.79 | (13.91) | (340.1 %) |
| Average Shares | 10.21 | 12.00 | 17.6 % |
| EPS (Riyals) | 0.57 | (1.16) | (304.2 %) |
This was triggered by a 12% increase year-on-year (YoY) in cost of sales to sales, and a 45% rise in general and administrative expenses (G&As). The company also cited a 94% hike in cost of finance to SAR 6.6 million in 2023.
Q4 2023 net loss deepened to SAR 7 million, from SAR 0.56 million in a year earlier period.
On a sequential basis, net loss widened from SAR 2.76 million in Q3 2023.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 21.43 | 20.81 | (2.9 %) |
| Gross Income | 8.13 | 2.97 | (63.4 %) |
| Operating Income | 1.41 | (4.34) | (407.0 %) |
| Net Income | (0.56) | (7.00) | (1,151.1 %) |
| Average Shares | 10.21 | 12.00 | 17.6 % |
| EPS (Riyals) | (0.05) | (0.58) | (964.1 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 39.24 | 20.81 | (47.0 %) |
| Gross Income | 6.83 | 2.97 | (56.4 %) |
| Operating Income | 0.10 | (4.34) | (4484.8 %) |
| Net Income | (2.75) | (7.00) | (154.1 %) |
| Average Shares | 10.21 | 12.00 | 17.6 % |
| EPS (Riyals) | (0.27) | (0.58) | (116.2 %) |
Total shareholders’ equity, no minority interest, stood at SAR 159.5 million by Dec. 31, 2023, compared to SAR 115.5 million a year ago.
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