Sinad Holding Co. reported a net loss of SAR 21.5 million in Q1 2023, against a profit of SAR 10.2 million a year earlier.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 472.98 | 417.30 | (11.8 %) |
| Gross Income | 133.44 | 121.20 | (9.2 %) |
| Operating Income | 15.22 | (0.30) | (102.0 %) |
| Net Income | 10.24 | (21.51) | (310.2 %) |
| Average Shares | 126.39 | 126.39 | - |
| EPS (Riyals) | 0.08 | (0.17) | (310.2 %) |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 442.98 | 417.30 | (5.8 %) |
| Gross Income | 127.15 | 121.20 | (4.7 %) |
| Operating Income | 23.38 | (0.30) | (101.3 %) |
| Net Income | 74.79 | (21.51) | (128.8 %) |
| Average Shares | 126.39 | 126.39 | - |
| EPS (Riyals) | 0.59 | (0.17) | (128.8 %) |
The losses were driven by lower gross profit from sales and investments, lower other income, as well as higher finance charges and Zakat expenses.
Sequentially, the company swung to losses from a profit of SAR 74.79 million in Q4 2022.
Total shareholders’ equity, excluding minority interest, stood at SAR 1.19 billion as of March 31, 2023, compared to SAR 1.38 billion a year earlier.
Accumulated losses reached SAR 49 million as of March 31, 2023, representing 3.88% of capital.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}