Tadawul Group 9M 2022 profit drops 23% to SAR 367.4 mln; Q3 at SAR 89.1 mln

Saudi Tadawul Group Holding Co. (Tadawul Group) reported a net profit after Zakat and tax of SAR 367.4 million for the first nine months of 2022, a fall of 23% from SAR 477.2 million in the year-earlier period, as operating revenue decreased by 6.5% year-on-year (YoY) to SAR 849.2 million.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	908.54	857.33	(5.6 %)
Gross Income	649.77	568.66	(12.5 %)
Operating Income	503.01	392.12	(22.0 %)
Net Income	477.23	367.42	(23.0 %)
Average Shares	120.00	120.00	-
EPS (Riyals)	3.98	3.06	(23.0 %)

Operating expenses (OPEX) increased by 14.7% YoY to SAR 465.2 million in the nine-month period. Earnings before interest, tax, depreciation and amortization (EBITDA) declined by 21.6% YoY to SAR 428.7 million. Gross profit dropped 15.5% YoY to SAR 548.9 million.

The third-quarter net profit after Zakat and tax fell by 23% to SAR 89.1 million from SAR 115.19 million in Q3 2021, as operating revenue went down 2.1% YoY to SAR 257.2 million. OPEX increased 25% YoY to SAR 165.5 million. EBITDA dropped 27.1% on an annual basis to reach SAR 106 million. Gross profit also levelled down 18.3% YoY to SAR 145.9 million.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	262.64	263.72	0.4 %
Gross Income	178.48	160.53	(10.1 %)
Operating Income	130.30	98.27	(24.6 %)
Net Income	115.19	89.12	(22.6 %)
Average Shares	120.00	120.00	-
EPS (Riyals)	0.96	0.74	(22.6 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	299.66	263.72	(12.0 %)
Gross Income	199.29	160.53	(19.5 %)
Operating Income	139.83	98.27	(29.7 %)
Net Income	137.67	89.12	(35.3 %)
Average Shares	120.00	120.00	-
EPS (Riyals)	1.15	0.74	(35.3 %)

Compared to the previous quarter, net profit dipped 35.3% from SAR 137.67 million.

Shareholders’ equity, after minority interest, stood at SAR 3.099 billion as of Sept. 30, 2022, compared to SAR 2.991 billion a year earlier.

View More Financial Results

View other reports

Share Price

Saudi Tadawul Group Holding Co. (TADAWUL GROUP)

	Current
Market Cap (M Riyal)	26,832.00
Enterprise Value (EV) (M)	23,601.21
Shares Outstanding ((M))	120.00
EPS ( Riyal) (TTM)	4.98
Book Value (BV) ( Riyal)	28.07
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	44.91
P/E (TTM)	44.91
Price/book	7.97
Return on Average Assets (%) (TTM)	7.0
Return on Average Equity (%) (TTM)	18.5

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Tadawul Group 9M 2022 profit drops 23% to SAR 367.4 mln; Q3 at SAR 89.1 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Saudi Tadawul Group Holding Co. (TADAWUL GROUP)

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us