Saudi Fisheries’ 9M net loss deepens to SAR 48.5M; Q3 loss at SAR 28.7M

20/10/2024 Argaam Exclusive

Saudi Fisheries Co. (SFICO) reported a net loss of SAR 48.5 million in the first nine months of 2024, compared to SAR 47.1 million in the year earlier period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 42.67 17.56 (58.9 %)
Gross Income (9.12) (9.79) (7.4 %)
Operating Income (49.39) (44.37) 10.2 %
Net Income (47.11) (48.47) (2.9 %)
Average Shares 40.00 40.00 -
EPS (Riyals) (1.18) (1.21) (2.9 %)

This was attributed to a 59% year-on-year (YoY) decline in sales on the slump in retail and wholesale segments. The company also cited increased consultancy costs in addition to the previous period's gains from investment properties and other higher income sources.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 15.11 1.85 (87.8 %)
Gross Income (7.89) (2.68) 66.0 %
Operating Income (25.85) (24.97) 3.4 %
Net Income (34.38) (28.70) 16.5 %
Average Shares 40.00 40.00 -
EPS (Riyals) (0.86) (0.72) 16.5 %

Q3 2024 net loss shrank to SAR 28.7 million from SAR 34.38 million in Q3 2023, due to lower production costs resulting from the absence of production cycles.

 

On a quarterly basis, net losses widened from SAR 10.8 million in Q2 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 67.80 million by Sept. 30, 2024, compared to SAR 188.69 million a year earlier.

 

Accumulated losses reached SAR 333 million, or 83.25% of capital, by Sept. 30, 2024.

View More Financial Results

 

View other reports

Share Price

Saudi Fisheries Co.
23.64
(0.14) (0.59 %)

Saudi Fisheries Co. (SFICO)

More


Financial Ratios
Current
Market Cap (M Riyal) 945.60
Enterprise Value (EV) (M) 954.02
Shares Outstanding ((M)) 40.00
EPS ( Riyal) (TTM) (2.34)
Book Value (BV) ( Riyal) 1.70
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 13.95
Return on Average Assets (%) (TTM) (37.60 )
Return on Average Equity (%) (TTM) (73.00 )
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