SIIG 9M 2022 net profit drops 43% to SAR 574 mln; Q3 at SAR 55 mln

03/11/2022 Argaam Exclusive

Saudi Industrial Investment Group (SIIG) reported a net profit after Zakat and tax of SAR 574 million for the first nine months of 2022, a slump of 43%, compared to SAR 1.015 billion in the year-earlier period, driven by lower profit share from jointly managed projects due to lower profit margins, higher feedstock costs and lower sales volumes.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Operating Income (41.45) (52.50) (26.7 %)
Net Income 1,014.62 573.88 (43.4 %)
Average Shares 450.00 678.60 50.8 %
EPS (Riyals) 2.25 0.85 (62.5 %)

SIIG also cited an increase in Zakat as well as general and administrative expenses (G&As) during the nine-month period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Operating Income (12.95) (7.19) 44.5 %
Net Income 203.95 54.80 (73.1 %)
Average Shares 450.00 678.60 50.8 %
EPS (Riyals) 0.45 0.08 (82.2 %)

Q3 net profit after Zakat and tax plummeted 73% year-on-year (YoY) to SAR 55 million from SAR 204 million, on lower profit share from jointly managed projects due to lower selling prices and higher feedstock costs.

 

On a sequential basis, Q3 net profit dropped 80.6%, from SAR 284 million.

 

Total shareholders’ equity, after minority rights, reached SAR 11.548 billion as of Sept. 30, 2022, compared to SAR 7.201 billion in prior-year period.

View more financial results

 

View other reports

Share Price

Saudi Industrial Investment Group
16.68
(0.46) (2.68 %)

Saudi Industrial Investment Group (SIIG)

More


Financial Ratios
Current
Market Cap (M Riyal) 12,590.06
Enterprise Value (EV) (M) 12,135.12
Shares Outstanding ((M)) 754.80
EPS ( Riyal) (TTM) 0.27
Book Value (BV) ( Riyal) 13.03
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 1.28
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 2.0
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