Emaar EC widens losses to SAR 1.15 bln in 2022; Q4 at SAR 530.7 mln

30/03/2023 Argaam Exclusive

Emaar The Economic City (Emaar EC) reported a net loss of SAR 1.15 billion in 2022, compared to SAR 837 million a year ago.



Financials (M)

Item 2021 2022 Change‬
Revenues 372.08 363.27 (2.4 %)
Gross Income (237.06) (231.60) 2.3 %
Operating Income (699.46) (820.01) (17.2 %)
Net Income (836.53) (1157.29) (38.3 %)
Average Shares 991.67 1,133.33 14.3 %
EPS (Riyals) (0.84) (1.02) (21.1 %)

The higher losses were attributed to a rise in general and administrative expenses, as well as increased finance expenses. This was paired with the decline in the company's share in subsidiaries.

 

The fourth-quarter losses jumped 81.9% to SAR 530.65 million, from SAR 292.69 million in the year-earlier period. 

 

Compared to the previous quarter, Q4 losses increased from SAR 218.85 million. 

 


Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 114.39 136.35 19.2 %
Gross Income (195.48) (90.88) 53.5 %
Operating Income (261.53) (335.17) (28.2 %)
Net Income (291.69) (509.78) (74.8 %)
Average Shares 991.67 1,133.33 14.3 %
EPS (Riyals) (0.29) (0.45) (52.9 %)

Total shareholders’ equity, no minority interest, amounted to SAR 6.65 billion as of Dec. 31, 2022, compared to SAR 7.77 billion a year earlier.  

View more financial results

 

View other reports

Share Price

Emaar The Economic City
8.59
0.18 2.14 %

Emaar The Economic City (EMAAR EC)

More


Financial Ratios
Current
Market Cap (M Riyal) 9,735.30
Enterprise Value (EV) (M) 17,180.38
Shares Outstanding ((M)) 1,133.33
EPS ( Riyal) (TTM) (1.20)
Book Value (BV) ( Riyal) 4.63
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.86
Return on Average Assets (%) (TTM) (8.83 )
Return on Average Equity (%) (TTM) (22.89 )
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