Zoujaj 2023 profit down 54% to SAR 47.9M; Q4 at SAR 26.2M

26/03/2024 Argaam Exclusive

The National Co. for Glass Industries (Zoujaj) reported a 54% decline in net profit to SAR 47.9 million for 2023, compared to SAR 104.3 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 112.32 153.92 37.0 %
Gross Income 3.43 35.19 925.2 %
Operating Income (11.30) 18.05 259.7 %
Net Income 104.33 47.88 (54.1 %)
Average Shares 32.90 32.90 -
EPS (Riyals) 3.17 1.46 (54.1 %)

The profit decline was attributed to lower profit share from the company’s joint venture in the float glass segment due to maintenance and development at Saudi Guardian International Float Glass Company Limited in Jubail. This was partially offset by higher operating profit in glass container segment.

 

This came despite an increase in revenue due tohigher prices and sale quantities.

 

The fourth-quarter net profit surged124.6% to SAR 26.21 million from SAR 11.67 million in Q4 2022.

 

Sequentially, the Q4 bottom line grew significantly from SAR 12.72 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 30.89 39.44 27.7 %
Gross Income (2.86) 9.09 418.2 %
Operating Income (7.28) 2.14 129.5 %
Net Income 11.67 26.19 124.4 %
Average Shares 32.90 32.90 -
EPS (Riyals) 0.35 0.80 124.4 %

Shareholders’ equity, no minority interest, stood at SAR 721.6 million by the end of Dec. 31, 2023, compared to SAR 691.7 million in the year-earlier period.

View more financial results

 

View other reports

Share Price

The National Company for Glass Industries
58.00
1.10 1.93 %

The National Company for Glass Industries (ZOUJAJ)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,908.20
Enterprise Value (EV) (M) 1,899.63
Shares Outstanding ((M)) 32.90
EPS ( Riyal) (TTM) 3.07
Book Value (BV) ( Riyal) 23.11
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 18.89
P/E (TTM) 18.89
Price/book 2.51
Return on Average Assets (%) (TTM) 12.5
Return on Average Equity (%) (TTM) 13.9
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