These 39 companies disclosed 2022 financial results last week

25/03/2023 Argaam Exclusive

A total of 39 Tadawul-listed companies disclosed their 2022 financial results last week, most of which are insurance firms.
 

As many as 21 market players realized a profit rise, seven reported a profit decline, while 11 incurred losses, as follows:

Financial Results of Announced Companies (Million Riyal)

Company 2021 2022 Change Earnings per share Details Charts
ALMUNAJEM 166.09 290.20 74.72 % 4.84 Details Charts
LAZURDE 22.04 34.16 54.98 % 0.59 Details Charts
SUMOU 81.21 87.64 7.91 % 2.34 Details Charts
SPIMACO 26.45 (165.14) (724.23 %) (1.38) Details Charts
CATRION 14.06 257.10 1,729.26 % 3.14 Details Charts
DAR ALARKAN 132.52 441.72 233.32 % 0.41 Details Charts
TCC 17.76 20.97 18.08 % 0.23 Details Charts
SPPC (59.30) (9.22) 84.45 % (0.15) Details Charts
FITAIHI GROUP 149.64 (31.87) (121.30 %) (0.12) Details Charts
BCI 34.37 40.43 17.64 % 1.47 Details Charts
ALDAWAA 239.15 305.45 27.73 % 3.59 Details Charts
MOUWASAT 578.16 599.31 3.66 % 3.00 Details Charts
ARDCO 318.31 300.36 (5.64 %) 1.69 Details Charts
GASCO 201.36 214.06 6.31 % 2.85 Details Charts
AWPT 103.33 107.44 3.98 % 4.30 Details Charts
RIYADH CEMENT 213.73 189.84 (11.18 %) 1.58 Details Charts
SACO (28.49) (142.50) (400.23 %) (3.96) Details Charts
MEPCO 220.71 269.70 22.20 % 4.05 Details Charts
UACC 81.44 22.99 (71.77 %) 0.42 Details Charts
2P 80.62 131.46 63.06 % 0.88 Details Charts
DALLAH HEALTH 258.60 274.46 6.13 % 3.05 Details Charts
NAHDI 812.53 887.81 9.27 % 6.83 Details Charts
EPCCO 192.85 143.30 (25.69 %) 1.67 Details Charts
SPM 30.28 46.89 54.89 % 1.27 Details Charts
ARABIAN DRILLING 273.58 557.72 103.86 % 6.27 Details Charts
CHEMICAL 69.57 80.22 15.31 % 0.10 Details Charts
CITY CEMENT 160.28 115.01 (28.24 %) 0.82 Details Charts

The official deadline for 2022 earnings season falls on March 30.

Distribution of Financial Results of Announced companies by sector

Sector Number of sector companies No. of disclosing companies Companies with growth in income Companies with a decreasing income Companies incurring losses
Banks 10 10 10 - -
Petrochemical Industries 12 11 3 6 2
Cement 15 14 7 7 -
Retail 34 24 18 4 2
Energy & Utilities 9 8 8 - -
Electricity 1 1 1 - -
Agriculture and Food Industries 21 8 6 2 -
Telecom & IT 9 6 6 - -
Health care 2 - - - -
Insurance 26 - - - -
Multi-Investment 7 1 - 1 -
Industrial investment 17 15 9 2 4
Building & Construction 17 6 2 2 2
Real Estate Development 12 6 4 2 -
Transportation 8 5 3 - 2
Media and Publishing 6 3 1 1 1
Hotels & Tourism 3 - - - -
Industry 1 - - - -
REITS 18 - - - -
Services 6 1 - 1 -
Derivatives 4 - - - -
Index Funds 11 - - - -
Total 249 119 78 28 13

The consolidated profit of the companies that disclosed their results leapt by around 41% to SAR 747.2 billion compared to a year earlier:

Accumulative Results –Net Income Sector Statistics

Sector Number of sector companies No. of disclosing companies 2021 2022 Change
Banks 10 10 48,734.32 62,521.75 28.29 %
Petrochemical Industries 12 11 41,424.19 29,698.88 (28.31 %)
Cement 15 14 1,985.96 2,045.81 3.01 %
Retail 34 24 6,275.28 7,779.93 23.98 %
Energy & Utilities 9 8 405,404.08 609,931.84 50.45 %
Electricity 1 1 239.83 352.32 46.90 %
Agriculture and Food Industries 21 8 2,324.24 3,328.84 43.22 %
Telecom & IT 9 6 13,919.79 16,037.85 15.22 %
Health care 2 - - - -
Insurance 26 - - - -
Multi-Investment 7 1 57.88 36.73 (36.54 %)
Industrial investment 17 15 6,117.77 10,135.50 65.67 %
Building & Construction 17 6 277.88 430.11 54.78 %
Real Estate Development 12 6 676.44 1,281.80 89.49 %
Transportation 8 5 312.23 1,364.32 336.95 %
Media and Publishing 6 3 291.88 378.94 29.83 %
Hotels & Tourism 3 - - - -
Industry 1 - - - -
REITS 18 - - - -
Services 6 1 587.69 424.60 (27.75 %)
Derivatives 4 - - - -
Index Funds 11 - - - -
Total 249 119 528,629.44 745,749.21 41.07 %

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