Al Arabia profit leaps 33% to SAR 274.7 mln in 2022; Q4 at SAR 81.1 mln

16/03/2023 Argaam Exclusive

Arabian Contracting Services Co. (Al Arabia) reported a net profit of SAR 274.7 million for 2022, a leap of 33% compared to SAR 206.3 million in the previous year.



Financials (M)

Item 2021 2022 Change‬
Revenues 720.63 1,126.18 56.3 %
Gross Income 330.28 486.99 47.4 %
Operating Income 261.33 383.96 46.9 %
Net Income 206.25 274.70 33.2 %
Average Shares 50.00 50.00 -
EPS (Riyals) 4.12 5.49 33.2 %

The profit growth was due to a 56% year-on-year (YoY) rise in revenue to SAR 1.13 billion. This reflected the company’s continuation of digital transformation and commitment to its strategic goals.

 

Sticking to the digital transformation plan contributed to the growth in client base and advertising spaces available to the company. This, in turn, increased its capacity to accommodate more advertising campaigns.

 

The company reported a net profit of SAR 81.13 million in Q4 2022, a 14.9% increase from SAR 70.60 million in Q4 2021.

 

On a sequential basis, net profit grew 23.1% from SAR 65.89 million in Q3 2022.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 226.13 317.43 40.4 %
Gross Income 107.32 145.57 35.6 %
Operating Income 89.90 112.78 25.5 %
Net Income 70.60 81.13 14.9 %
Average Shares 50.00 50.00 -
EPS (Riyals) 1.41 1.62 14.9 %

Total shareholders’ equity, no minority interest, reached SAR 819.87 million as of Dec. 31, 2022, from SAR 731.27 million a year earlier.

View More Financial Results

 

View other reports

Share Price

Arabian Contracting Services Co.
152.40
(0.60) (0.39 %)

Arabian Contracting Services Co. (ALARABIA)

More


Financial Ratios
Current
Market Cap (M Riyal) 7,620.00
Enterprise Value (EV) (M) 8,919.29
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) 5.44
Book Value (BV) ( Riyal) 25.89
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.03
P/E (TTM) 28.03
Price/book 5.89
Return on Average Assets (%) (TTM) 7.2
Return on Average Equity (%) (TTM) 23.4
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