SGS profit jumps 78% to SAR 71.2M in Q1 2024

13/05/2024 Argaam Exclusive

Saudi Ground Services Co. (SGS) reported a net profit of SAR 71.2 million for the first quarter of 2024, a rise of 78% from SAR 40 million in Q1 2023.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 563.87 653.20 15.8 %
Gross Income 100.65 121.43 20.7 %
Operating Income 35.77 55.08 54.0 %
Net Income 40.04 71.16 77.7 %
Average Shares 188.00 188.00 -
EPS (Riyals) 0.21 0.38 77.7 %

The profit rise was backed by a 15.8% increase year-on-year (YoY) in revenue to SAR 653.2 million on growth in domestic and international flights in addition to higher number of Umrah pilgrims.

 

Gross profit also jumped 20.7% YoY, while administrative expenses decreased by SAR 10.3 million. Other income increased by SAR 15.5 million YoY in the three-month period.

 

SGS’s net earnings jumped 15.5% quarter-on-quarter (QoQ) from SAR 61.63 million in Q4 2023, as revenue grew by 5% on a sequential basis.

 

Shareholders’ equity, no minority interest, reached SAR 2.40 billion as of March 31, 2024, up from SAR 2.14 billion a year earlier.

View More Financial Results

 

View other reports

Share Price

Saudi Ground Services Co.
50.50
1.25 2.54 %

Saudi Ground Services Co. (SGS)

More


Financial Ratios
Current
Market Cap (M Riyal) 9,494.00
Enterprise Value (EV) (M) 8,841.83
Shares Outstanding ((M)) 188.00
EPS ( Riyal) (TTM) 1.56
Book Value (BV) ( Riyal) 12.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 33.50
P/E (TTM) 32.41
Price/book 3.99
Return on Average Assets (%) (TTM) 6.9
Return on Average Equity (%) (TTM) 12.7
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request