SRMG makes SAR 86.9M profit in Q1 2024

15/05/2024 Argaam Exclusive

Saudi Research and Media Group (SRMG) reported a net profit of SAR 86.9 million in Q1 2024, compared to SAR 121 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 884.64 814.86 (7.9 %)
Gross Income 279.18 229.89 (17.7 %)
Operating Income 143.33 123.39 (13.9 %)
Net Income 120.97 86.87 (28.2 %)
Average Shares 80.00 80.00 -
EPS (Riyals) 1.51 1.09 (28.2 %)

The topline declined by 7.89% year-on-year (YoY), due to lower revenue from the public relations and advertising segment, as well as the printing and packaging segment.

 

Gross profit also decreased, primarily due to lower revenue from the abovementioned segments, along with higher finance costs.

 

SRMG’s net profit skyrocketed from SAR 8.08 million in Q4 2023, mainly due to a 40.36% leap in gross profit and lack of goodwill impairment losses associated to the printing and packaging segment during the fourth quarter of 2023.

 

Total shareholders’ equity, after minority interest, stood at SAR 3.10 billion by March 31, 2024, compared to SAR 2.83 billion a year earlier.

View more financial results

 

View other reports

Share Price

Saudi Research and Media Group
261.60
3.40 1.32 %

Saudi Research and Media Group (SRMG)

More


Financial Ratios
Current
Market Cap (M Riyal) 20,928.00
Enterprise Value (EV) (M) 21,088.40
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 4.06
Book Value (BV) ( Riyal) 41.73
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 6.27
Return on Average Assets (%) (TTM) 5.5
Return on Average Equity (%) (TTM) 10.0
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