Al-Baha turns to SAR 62,100 net loss in Q1 2024

19/05/2024 Argaam Exclusive

Al-Baha Investment and Development Co. swung to a net loss of SAR 62,100 for Q1 2024, versus a net profit of SAR 327,000 in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 3.45 4.45 29.1 %
Gross Income 2.34 3.32 41.7 %
Operating Income 1.35 1.79 32.6 %
Net Income 0.16 (0.32) (299.5 %)
Average Shares 2,970.00 2,970.00 -
EPS (Halala) 0.01 (0.01) (299.5 %)

The losses were attributed to a 204% surge year-on-year (YoY) in credit loss provisions and a 171% increase in Zakat provisions to SAR 1.8 million.

 

On a quarterly basis, the company turned to a net loss from a net profit of SAR 2.51 million in Q4 2023.

 

Shareholders’ equity, excluding minority interest, reached SAR 214.55 million by March 31, 2024, compared to SAR 211.53 million in the prior-year period.

 

Accumulated losses reached SAR 82.44 million by March 31, 2024, accounting for 27.76% of the company’s capital.

View More Financial Results

 

View other reports

Share Price

Al-Baha Investment and Development Co.
0.26
0.01 4.00 %

Al-Baha Investment and Development Co. (ALBAHA)

More


Financial Ratios
Current
Market Cap (M Riyal) 772.20
Enterprise Value (EV) (M) 778.83
Shares Outstanding ((M)) 2,970.00
EPS (Halala) (TTM) 0.12
Book Value (BV) ( Riyal) 0.07
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 3.56
Return on Average Assets (%) (TTM) 1.3
Return on Average Equity (%) (TTM) 1.7
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