Sinad Holding turns to SAR 10.1 mln net profit in 2022, Q4 at SAR 74.8 mln

27/03/2023 Argaam Exclusive

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Sinad Holding Co. reported a net profit of SAR 10.1 million in 2022, versus a net loss of SAR 63.5 million a year earlier, driven by increased gross and operating profits in the year due to higher investment income and lower Zakat and income tax.



Financials (M)

Item 2021 2022 Change‬
Revenues 1,711.31 1,757.56 2.7 %
Gross Income 486.09 496.70 2.2 %
Operating Income 61.22 31.32 (48.8 %)
Net Income (63.49) 10.12 115.9 %
Average Shares 126.39 126.39 0.0 %
Earnings Per Share before unusual items (Riyals) (0.50) (0.44) 11.7 %
EPS (Riyals) (0.50) 0.08 115.9 %

Q4 2022 net profit stood at SAR 74.8 million, against net loss of SAR 34.75 million in the prior-year period.

 

The company turned profitable in Q4 2022 from SAR 54.63 million losses in Q3 2022.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 470.54 442.98 (5.9 %)
Gross Income 129.37 127.15 (1.7 %)
Operating Income 13.86 23.38 68.7 %
Net Income (34.75) 74.79 315.2 %
Average Shares 126.39 126.39 0.0 %
Earnings Per Share before unusual items (Riyals) (0.27) (0.16) 43.1 %
EPS (Riyals) (0.27) 0.59 315.2 %

Shareholders’ equity, excluding minority interest, reached SAR 1.23 billion by Dec. 31, 2022, compared to SAR 1.40 billion in the year earlier period.

 

Accumulated losses reached SAR 27.5 million as of Dec. 31, 2022, representing 2% of the company’s capital.

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Share Price

Sinad Holding Co.
12.00
0.00 0.00 %

Sinad Holding Co. (SINAD HOLDING)

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Financial Ratios
Current
Market Cap (M Riyal) 1,516.67
Enterprise Value (EV) (M) 2,262.29
Shares Outstanding ((M)) 126.39
EPS ( Riyal) (TTM) (0.03)
Book Value (BV) ( Riyal) 8.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.41
Return on Average Assets (%) (TTM) (0.15 )
Return on Average Equity (%) (TTM) (0.36 )
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