Tadawul Group profit drops 22% to SAR 140.6 mln in Q1 2022

15/05/2022 Argaam Exclusive

Saudi Tadawul Group Holding Co. (Tadawul Group) reported a net profit after Zakat and tax of SAR 140.6 million in the first quarter of 2022, down 22% from SAR 179.6 million in the year-ago period.  



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 332.37 293.99 (11.5 %)
Gross Income 240.10 208.88 (13.0 %)
Operating Income 194.62 154.25 (20.7 %)
Net Income 179.64 140.64 (21.7 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 1.50 1.17 (21.7 %)

The lower profit was attributed to an 11.6% decline in operating revenue to SAR 293.9 million, compared to SAR 332.4 million in Q1 2021, mainly due to a decrease in trading services and post-trade services.  

 

Operating expenses (OPEX) also increased by 1.8% year-on-year (YoY) to SAR 140.2 million. EBITDA fell by 20.4% YoY to SAR 166.4 million.  

 

On a sequential basis, the first-quarter net profit leapt 27.2% from SAR 110.5 million. Operating revenue jumped by 14.1% quarter-on-quarter (QoQ) to SAR 293.9 million in the three-month period. OPEX declined by 4.4% QoQ to SAR 140.2 million. EBITDA climbed 34.1% QoQ to SAR 166.4 million.  

  

Total shareholders’ equity, excluding minority interest, declined 15.2% to SAR 3.233 billion in Q1 2022, compared to SAR 3.814 billion in the year-ago period. 

The post-trade revenue decreased by 9.4% reaching SAR 148.1 million in Q1 2022 compared to SAR 163.5 million in Q1 2021, due to the normalization of trading volumes which contracted by 22.1% YoY. 

View more financial results

 

View other reports

Share Price

Saudi Tadawul Group Holding Co.
225.40
(2.80) (1.23 %)

Saudi Tadawul Group Holding Co. (TADAWUL GROUP)

More


Financial Ratios
Current
Market Cap (M Riyal) 27,048.00
Enterprise Value (EV) (M) 23,817.21
Shares Outstanding ((M)) 120.00
EPS ( Riyal) (TTM) 4.98
Book Value (BV) ( Riyal) 28.07
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 45.27
P/E (TTM) 45.27
Price/book 8.03
Return on Average Assets (%) (TTM) 7.0
Return on Average Equity (%) (TTM) 18.5
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