National Gypsum Co.’s net profit slumped 83% to SAR 540,000 in Q1 2023, from SAR 3.2 million a year earlier on a decrease in the quantity and value of sales due to low demand.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 14.59 | 13.36 | (8.4 %) |
| Gross Income | 5.19 | 1.88 | (63.8 %) |
| Operating Income | 2.58 | (0.48) | (118.5 %) |
| Net Income | 3.21 | 0.54 | (83.1 %) |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | 0.10 | 0.02 | (83.1 %) |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 10.05 | 13.36 | 32.8 % |
| Gross Income | (5.63) | 1.88 | 133.3 % |
| Operating Income | (9.99) | (0.48) | 95.2 % |
| Net Income | (9.75) | 0.54 | 105.6 % |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | (0.31) | 0.02 | 105.6 % |
Sequentially, the company turned to a profit against a loss of SAR 9.75 million in Q4 2022 driven by higher net sales and miscellaneous revenue.
Total shareholders’ equity, no minority interest, stood at SAR 432 million as of March 31, 2023, compared to SAR 485.92 million 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}}