Knowledge City’s loss widens to SAR 13.6M in Q1 2024

16/05/2024 Argaam Exclusive

Knowledge Economic City (KEC) deepened net losses by 49.6% to SAR 13.6 million in Q1 2024, from SAR 9 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 18.05 7.52 (58.4 %)
Gross Income 6.57 2.49 (62.1 %)
Operating Income (6.93) (16.46) (137.4 %)
Net Income (9.08) (13.58) (49.6 %)
Average Shares 339.30 339.30 -
EPS (Riyals) (0.03) (0.04) (49.6 %)

The company posted a decline in sales on a yearly basis in Q1 2024. Additionally, KEC sold out all units available for sale at one of its projects.

 

Sales also slumped in Q1 2024, compared to the year-earlier period. In addition, the company reported higher operating expenses (OpEx) during the same quarter.

 

On a quarterly basis, KEC narrowed net losses by 37.3% from SAR 21.6 million in Q4 2023, thanks to the marginal quarter-on-quarter (QoQ) rise in the first-quarter sales. OpEx also decreased sequentially during the three-month period.

 

Total shareholders’ equity, after minority interest, came in at SAR 3 billion as of March 31, 2024, slightly down from SAR 3.04 billion in the prior-year period.

View More Financial Results

 

View other reports

Share Price

Knowledge Economic City
14.06
(0.06) (0.42 %)

Knowledge Economic City (KEC)

More


Financial Ratios
Current
Market Cap (M Riyal) 4,770.56
Enterprise Value (EV) (M) 5,816.06
Shares Outstanding ((M)) 339.30
EPS ( Riyal) (TTM) (0.22)
Book Value (BV) ( Riyal) 8.77
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.60
Return on Average Assets (%) (TTM) (1.85 )
Return on Average Equity (%) (TTM) (2.45 )
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