Sadr Logistics swings to SAR 7.2 mln loss in 2022, Q4 at SAR 1.8 mln

27/03/2023 Argaam Exclusive

Sadr Logistics Co. reported a net loss of SAR 7.2 million in 2022, versus a net profit of SAR 3.6 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 73.23 110.82 51.3 %
Gross Income 21.34 15.51 (27.3 %)
Operating Income 5.53 (4.62) (183.7 %)
Net Income 3.60 (7.22) (300.5 %)
Average Shares 175.00 175.00 -
EPS (Riyals) 0.02 (0.04) (300.5 %)

This was triggered by an 84% increase in the cost of sales on higher raw material prices, increased operating costs in the iron segment, and lower storage and occupancy rates in the logistics division.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 21.24 41.02 93.1 %
Gross Income 3.66 5.37 46.9 %
Operating Income 0.64 (1.27) (300.2 %)
Net Income 0.08 (1.77) (2268.9 %)
Average Shares 175.00 175.00 -
EPS (Riyals) 0.00 (0.01) (2268.9 %)

The company incurred a net loss of SAR 1.8 million in Q4 2022, versus a net profit of SAR 0.08 million in the prior-year period.

 

On a quarterly basis, net losses shrank from SAR 2.62 million in Q3 2022.

 

Total shareholders’ equity, no minority interest, stood at SAR 176.23 million as of Dec. 31, 2022, compared to SAR 182.86 million in the year earlier period.

 

Accumulated losses came in at SAR 544,908 as of Dec. 31, 2022, which represents 0.31% of the company's SAR 175 million capital.

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Share Price

Sadr Logistics Co.
3.39
(0.07) (2.02 %)

Sadr Logistics Co. (SADR)

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Financial Ratios
Current
Market Cap (M Riyal) 593.25
Enterprise Value (EV) (M) 574.21
Shares Outstanding ((M)) 175.00
EPS ( Riyal) (TTM) (0.06)
Book Value (BV) ( Riyal) 0.95
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.56
Return on Average Assets (%) (TTM) (4.33 )
Return on Average Equity (%) (TTM) (6.08 )
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