MBC Group earns SAR 65.3M in 2023

27/03/2024 Argaam Exclusive

MBC Group Co. reported net profits before minority interest of SAR 65.3 million in 2023, compared to SAR 35 million a year before.



Financials (M)

Item 2022 2023 Change‬
Revenues 3,488.73 3,703.90 6.2 %
Gross Income 641.14 921.27 43.7 %
Operating Income (174.06) (87.31) 49.8 %
Net Income 34.97 65.29 86.7 %
Average Shares 299.25 299.25 -
EPS (Riyals) 0.12 0.22 86.7 %

MBC Group recorded higher revenue, supported by growth across all its income-generating activities.

 

The subscriber base of the Shahid platform increased by 40% year-on-year (YoY) to 3.98 million. The group witnessed growth in digital advertising revenue, supported by the growth of Shahid, which also narrowed losses in 2023.

 

The group does not have comparative figures, as the current reporting period begins from the date of establishment (April 20, 2023) until the end date of the period (December 31, 2023).



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬

Shareholders' equity, after minority interest, reached SAR 3.77 billion as of Dec. 31, 2023.

 

Attached Documents

 

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Share Price

MBC Group Co.
45.85
(0.55) (1.19 %)

MBC Group Co. (MBC GROUP)

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Financial Ratios
Current
Market Cap (M Riyal) 15,245.13
Enterprise Value (EV) (M) 14,045.34
Shares Outstanding ((M)) 332.50
EPS ( Riyal) (TTM) 0.78
Book Value (BV) ( Riyal) 12.01
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 3.82
Return on Average Assets (%) (TTM) -
Return on Average Equity (%) (TTM) -
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