Sadr Logistics Co. reported a net loss of SAR 7.2 million in 2022, versus a net profit of SAR 3.6 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 73.23 | 110.82 | 51.3 % |
| Gross Income | 21.34 | 15.51 | (27.3 %) |
| Operating Income | 5.53 | (4.62) | (183.7 %) |
| Net Income | 3.60 | (7.22) | (300.5 %) |
| Average Shares | 175.00 | 175.00 | - |
| EPS (Riyals) | 0.02 | (0.04) | (300.5 %) |
This was triggered by an 84% increase in the cost of sales on higher raw material prices, increased operating costs in the iron segment, and lower storage and occupancy rates in the logistics division.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 21.24 | 41.02 | 93.1 % |
| Gross Income | 3.66 | 5.37 | 46.9 % |
| Operating Income | 0.64 | (1.27) | (300.3 %) |
| Net Income | 0.08 | (1.77) | (2261.0 %) |
| Average Shares | 175.00 | 175.00 | - |
| EPS (Riyals) | 0.00 | (0.01) | (2261.0 %) |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 33.56 | 41.02 | 22.3 % |
| Gross Income | 3.61 | 5.37 | 48.8 % |
| Operating Income | (1.25) | (1.27) | (1.8 %) |
| Net Income | (2.62) | (1.77) | 32.4 % |
| Average Shares | 175.00 | 175.00 | - |
| EPS (Riyals) | (0.01) | (0.01) | 32.4 % |
The company incurred a net loss of SAR 1.8 million in Q4 2022, versus a net profit of SAR 0.08 million in the prior-year period.
On a quarterly basis, net losses shrank from SAR 2.62 million in Q3 2022.
Total shareholders’ equity, no minority interest, stood at SAR 176.23 million as of Dec. 31, 2022, compared to SAR 182.86 million in the year earlier period.
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