SACO swings to SAR 65.3 mln net loss in 9M 2022, Q3 at SAR 45.9 mln

06/11/2022 Argaam Exclusive

Saudi Company for Hardware (SACO) turned to a net loss after Zakat and tax of SAR 65.3 million in the first nine months of 2022, from a profit of SAR 16.2 million in the same period a year ago.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 957.13 824.64 (13.8 %)
Gross Income 169.55 91.34 (46.1 %)
Operating Income 47.23 (38.81) (182.2 %)
Net Income 16.20 (65.29) (503.0 %)
Average Shares 36.00 36.00 -
EPS (Riyals) 0.45 (1.81) (503.0 %)

The losses were attributed to lower sales, higher cost of revenue due to booking additional inventory provision of SAR 15 million, and, an increase in general and administrative expenses.

 

SACO deepened net losses after Zakat and tax to SAR 45.9 million in the third quarter of 2022 from a net loss of SAR 13.9 million in Q3 2021, due to lower sales and higher cost of revenue.



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 295.83 254.13 (14.1 %)
Gross Income 38.48 3.70 (90.4 %)
Operating Income (2.97) (38.39) (1,193.8 %)
Net Income (13.88) (45.87) (230.6 %)
Average Shares 36.00 36.00 -
EPS (Riyals) (0.39) (1.27) (230.6 %)

Sequentially, SACO widened losses from SAR 20.5 million in Q2 2022, due to higher cost of revenue.

 

Shareholders' equity, after minority interest, at the end of 9M 2022 amounted to SAR 489.46 million, compared to SAR 599.73 million in the same period last year.

View More Financial Results

 

View other reports

Share Price

Saudi Company for Hardware
33.00
(0.50) (1.49 %)

Saudi Company for Hardware (SACO)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,188.00
Enterprise Value (EV) (M) 1,270.34
Shares Outstanding ((M)) 36.00
EPS ( Riyal) (TTM) (1.25)
Book Value (BV) ( Riyal) 9.22
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.58
Return on Average Assets (%) (TTM) (3.76 )
Return on Average Equity (%) (TTM) (12.63 )
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