Tadawul posts SAR 129.8 mln net profit by 2017 end

Saudi Stock Exchange Company (Tadawul) achieved net profit of SAR 129.8 million by the end of 2017, versus SAR 29.8 million losses in 2016.

Financials Highlights (M)
Item	2016	2017	Change
Revenues	312.6	545.5	+74%
Net Income	(29.3)	129.8	--
Average Shares	120	120	--
EPS (SAR)	(0.24)	1.08	--

The growth was attributed to revenues surging 74 percent year-on-year, totaling SAR 545.4 million by the end of 2017.

The bourse posted SAR 304 million revenues from trading commission and SAR 132.9 million from securities depository services. It achieved SAR 63 million from market information services and SAR 45 million from listing fees service.

Operating Revenues (M)
Item	2016	2017	Change
Trading commission	209.4	304.3	+45%
Securities depository services	70.1	132.9	+90%
Market information services	32.9	63.0	+91%
Listing fee service	0.0	45.0	--
Other services	0.20	0.24	+20%

Loss on available-for-sale investments by SAR 57.8 million in 2016, versus nothing in 2017, in addition to unrealized gain on held-for-trading investments by SAR 16.7 million by the end of 2017, compared to SAR 1.7 million in 2016 also contributed to the income increase

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Quotes

Popular Links

Quick Links

About Us

Join Us

Follow Us