SASCO profit rises to SAR 34.1M in 9M 2024; Q3 at SAR 11.2M

21/10/2024 Argaam Exclusive

Saudi Automotive Services Co. (SASCO) reported a net profit of SAR 34.1 million for the first nine months of 2024, compared with SAR 33.3 million in the prior-year period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 6,778.61 7,581.78 11.8 %
Gross Income 219.36 233.54 6.5 %
Operating Income 141.18 139.45 (1.2 %)
Net Income 33.27 34.07 2.4 %
Average Shares 70.00 70.00 -
EPS (Riyals) 0.48 0.49 2.4 %

This was driven by higher sales due to an increase in the number of stations and a rise in the selling price of diesel. The company also posted an increase in gross profit, other income, and financing income.

 

Zakat expenses decreased, despite an increase in general, administrative, and marketing costs. Additionally, the company made a provision for credit losses and faced higher financing costs, along with lower investment income.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 2,322.45 2,642.10 13.8 %
Gross Income 64.95 80.50 23.9 %
Operating Income 42.10 48.20 14.5 %
Net Income 9.83 11.21 14.0 %
Average Shares 70.00 70.00 -
EPS (Riyals) 0.14 0.16 14.0 %

The third-quarter net earnings reached SAR 11.2 million, up from SAR 9.83 million in the year-ago period, driven mainly by higher sales, gross profit, and other income.

 

On a sequential basis, Q3 net earnings fell 12.7% from SAR 12.85 million in Q2 2024.

 

Total shareholders' equity, after minority interest, reached SAR 842.24 million as of Sept. 30, 2024, down from SAR 871.99 million a year earlier.

 

Attached Documents

 

View More Financial Results

 

View other reports

Share Price

Saudi Automotive Services Co.
77.50
(0.20) (0.26 %)

Saudi Automotive Services Co. (SASCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 5,425.00
Enterprise Value (EV) (M) 6,968.45
Shares Outstanding ((M)) 70.00
EPS ( Riyal) (TTM) 1.42
Book Value (BV) ( Riyal) 12.03
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 6.44
Return on Average Assets (%) (TTM) 1.6
Return on Average Equity (%) (TTM) 11.6
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