SARCO swings to SAR 1.7 mln loss in H1 2023, Q2 loss at SAR 1.4 mln

12/09/2023 Argaam Exclusive

Saudi Arabia Refineries Co. (SARCO) turned to a loss of SAR 1.7 million in the first six months of 2023, against a net profit of SAR 20.4 million a year earlier.

 

This was due to withholding dividends by the Saudi Industrial Investment Co. for H1 2023.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Operating Income (1.77) (1.84) (3.8 %)
Net Income 20.35 (1.73) (108.5 %)
Average Shares 15.00 15.00 -
EPS (Riyals) 1.36 (0.12) (108.5 %)

The company also swung to a loss of SAR 1.4 million in Q2 2023, versus a net profit of SAR 21 million a year before, due to withholding dividends by the Saudi Industrial Investment Co. for H1 2023.

 

Compared to the previous quarter, SARCO widened Q2 2023 loss from SAR 374,098.



Current Quarter Comparison (M)

Compared With The
Item Q2 2022 Q2 2023 Change‬
Operating Income (1.06) (1.40) (32.0 %)
Net Income 21.01 (1.36) (106.5 %)
Average Shares 15.00 15.00 -
EPS (Riyals) 1.40 (0.09) (106.5 %)

Shareholders’ equity, no minority interest, stood at SAR 491.2 million by the end of H1 2023, down from SAR 538.3 million a year earlier.

View More Financial Results

 

View other reports

Share Price

Saudi Arabia Refineries Co.
71.40
0.60 0.85 %

Saudi Arabia Refineries Co. (SARCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,071.00
Enterprise Value (EV) (M) 735.76
Shares Outstanding ((M)) 15.00
EPS ( Riyal) (TTM) (0.80)
Book Value (BV) ( Riyal) 25.33
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.82
Return on Average Assets (%) (TTM) (2.83 )
Return on Average Equity (%) (TTM) (2.88 )
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