Saudi Research and Media Group (SRMG) reported a 21% rise in net profit to SAR 648.8 million for 2022, compared with SAR 537 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 3,045.97 | 3,709.84 | 21.8 % |
| Gross Income | 1,082.14 | 1,252.77 | 15.8 % |
| Operating Income | 620.81 | 728.94 | 17.4 % |
| Net Income | 537.02 | 648.79 | 20.8 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 6.71 | 8.11 | 20.8 % |
Gross profit edged higher in 2022 mainly due to a 21.8% year-on-year (YoY) increase in revenues. Meanwhile, direct costs went up due to the operating costs of certain projects, in line with the company’s strategy.
SRMG also noted an increase in finance income.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 932.49 | 1,013.53 | 8.7 % |
| Gross Income | 251.62 | 265.26 | 5.4 % |
| Operating Income | 120.51 | 140.32 | 16.4 % |
| Net Income | 106.06 | 121.03 | 14.1 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.33 | 1.51 | 14.1 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 1,002.72 | 1,013.53 | 1.1 % |
| Gross Income | 397.07 | 265.26 | (33.2 %) |
| Operating Income | 269.79 | 140.32 | (48.0 %) |
| Net Income | 246.53 | 121.03 | (50.9 %) |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 3.08 | 1.51 | (50.9 %) |
The fourth-quarter net earnings reached SAR 121 million, up 14.1% YoY.
Sequentially, net profit slumped 50.9% from SAR 246.53 million in Q3 2022.
Total shareholders’ equity, after minority interest, reached SAR 2.65 billion at the end of 2022, compared with SAR 2.06 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}}