Sinad Holding widens H1 2023 loss to SAR 45.2 mln; Q2 at SAR 23.6 mln

09/08/2023 Argaam Exclusive

 

Sinad Holding Co. widened its net loss to SAR 45.2 million in H1 2023 from SAR 10 million in the prior-year period.

 

This was due to recording operating losses in the six-month period against an operating profit a year earlier on a decrease in gross profit, as well as higher selling and distribution expenses, along with a decline in other operating income and other income.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 887.19 771.31 (13.1 %)
Gross Income 258.76 198.82 (23.2 %)
Operating Income 12.86 (34.74) (370.1 %)
Net Income (10.04) (45.16) (350.0 %)
Average Shares 126.39 126.39 -
EPS (Riyals) (0.08) (0.36) (350.0 %)

The company's losses in Q2 2023 increased to SAR 23.60 million, compared with SAR 20.27 million a year earlier, due to higher operating losses on a decline in gross profit.

 

On a sequential basis, the company widened the second-quarter losses from SAR 21.51 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2022 Q2 2023 Change‬
Revenues 414.21 356.57 (13.9 %)
Gross Income 125.32 83.06 (33.7 %)
Operating Income (2.35) (30.72) (1,205.0 %)
Net Income (20.27) (23.64) (16.6 %)
Average Shares 126.39 126.39 -
EPS (Riyals) (0.16) (0.19) (16.6 %)

Total shareholders’ equity, excluding minority interest, stood at SAR 1.21 billion by the end of H1 2023, compared to SAR 1.29 billion in the year-earlier period.

 

Accumulated losses reached SAR 72.7 million, or 5.75% of capital, as of June 30, 2023.

View more financial results

 

View other reports

Share Price

Sinad Holding Co.
13.74
(0.16) (1.15 %)

Sinad Holding Co. (SINAD HOLDING)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,736.58
Enterprise Value (EV) (M) 2,555.19
Shares Outstanding ((M)) 126.39
EPS ( Riyal) (TTM) (0.47)
Book Value (BV) ( Riyal) 8.48
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.62
Return on Average Assets (%) (TTM) (2.22 )
Return on Average Equity (%) (TTM) (5.43 )
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