Saudi Chemical 2023 profit jumps to SAR 182.9M; Q4 at SAR 89M

10/03/2024 Argaam Exclusive

Saudi Chemical Co. Holding (SCCH) reported a profit leap to SAR 182.9 million in 2023, compared to SAR 80.2 million in 2022.



Financials (M)

Item 2022 2023 Change‬
Revenues 3,695.87 4,854.85 31.4 %
Gross Income 487.66 672.66 37.9 %
Operating Income 177.41 317.34 78.9 %
Net Income 80.22 182.89 128.0 %
Average Shares 843.20 843.20 -
EPS (Riyals) 0.10 0.22 128.0 %

The profit increase was driven by higher sales volumes and average selling prices for some of the products, an increase in the share of profit from a joint venture and lower foreign currency revaluation loss. The company, however, reported a rise in financing costs and revaluation loss on derivative financial instruments related to interest-rate exposure.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 1,074.69 1,408.86 31.1 %
Gross Income 152.98 211.93 38.5 %
Operating Income 57.35 118.67 106.9 %
Net Income 23.40 89.01 280.4 %
Average Shares 843.20 843.20 -
EPS (Riyals) 0.03 0.11 280.4 %

The fourth-quarter net profit skyrocketed to SAR 89.02 million from SAR 23.40 million in Q4 2022.

 

Sequentially, net earnings increased by 153.6% from SAR 35.10 million in Q3 2023.

 

Total shareholders’ equity, after minority interest, increased to SAR 1.8 billion as of Dec. 31, 2023, from SAR 1.65 billion in the year-earlier period.

View More Financial Results

 

View other reports

Share Price

Saudi Chemical Co.
10.24
0.53 5.46 %

Saudi Chemical Co. (CHEMICAL)

More


Financial Ratios
Current
Market Cap (M Riyal) 8,634.37
Enterprise Value (EV) (M) 9,797.77
Shares Outstanding ((M)) 843.20
EPS ( Riyal) (TTM) 0.39
Book Value (BV) ( Riyal) 2.42
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 26.47
P/E (TTM) 26.47
Price/book 4.24
Return on Average Assets (%) (TTM) 5.9
Return on Average Equity (%) (TTM) 17.2
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