Al-Omran Industrial Trading Co. turned to a net loss of SAR 633,000 in Q1 2023, against a net profit of SAR 2.3 million in the year-earlier period, hurt by higher cost of sales as well as general and administrative expenses (G&A).
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 41.48 | 41.43 | (0.1 %) |
| Gross Income | 8.41 | 6.22 | (26.0 %) |
| Operating Income | 3.48 | 0.74 | (78.7 %) |
| Net Income | 2.26 | (0.63) | (128.0 %) |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.22 | (0.06) | (128.0 %) |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 21.43 | 41.43 | 93.3 % |
| Gross Income | 8.13 | 6.22 | (23.5 %) |
| Operating Income | 1.41 | 0.74 | (47.5 %) |
| Net Income | (0.56) | (0.63) | (13.1 %) |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | (0.05) | (0.06) | (13.1 %) |
Compared to Q4 2022, net losses widened from SAR 560,000 by 13.1%, on an increase in G&A as well as selling and marketing expenses.
Shareholders’ equity, after minority interest, decreased to SAR 114.29 million as of March 31, 2023, compared to SAR 117.58 million in the year-earlier period.
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