Riyadh Cables Group Co. reported a 47% surge in 2023 net profit to 519 million, compared to SAR SAR 352.3 million in 2022.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 6,852.31 | 7,825.38 | 14.2 % |
| Gross Income | 647.10 | 972.76 | 50.3 % |
| Operating Income | 447.28 | 682.63 | 52.6 % |
| Net Income | 352.32 | 518.77 | 47.2 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 2.35 | 3.46 | 47.2 % |
The company noted an increase in sales revenue, coupled with diverse product mix.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 1,830.72 | 1,889.86 | 3.2 % |
| Gross Income | 189.59 | 238.11 | 25.6 % |
| Operating Income | 142.16 | 174.98 | 23.1 % |
| Net Income | 106.32 | 134.15 | 26.2 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.71 | 0.89 | 26.2 % |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 2,080.72 | 1,889.86 | (9.2 %) |
| Gross Income | 279.21 | 238.11 | (14.7 %) |
| Operating Income | 176.75 | 174.98 | (1.0 %) |
| Net Income | 132.73 | 134.15 | 1.1 % |
| Average Shares | 150.00 | 150.00 | - |
| EPS (Riyals) | 0.88 | 0.89 | 1.1 % |
In Q4 2022, net profit rose 26% year-on-year (YoY) to SAR 134.4 million.
Sequentially, net profit edged up 1.2% from SAR 132.73 million in Q3 2023.
Total shareholders’ equity, excluding minority interest, stood at SAR 2.24 billion as of Dec. 31, 2023, compared to SAR 2.12 billion a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}