Financial Results : Sadirat cuts Q1 2023 loss to SAR 1.7 mln

Sadirat cuts Q1 2023 loss to SAR 1.7 mln

22/05/2023 Argaam Exclusive

View other reports

Saudi Industrial Export Co. (Sadirat) trimmed Q1 2023 net loss by 64.7% to SAR 1.7 million, from SAR 4.9 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 0.06 4.33 6779.4 %
Gross Income 0.06 0.34 431.7 %
Operating Income (5.04) (4.17) 17.3 %
Net Income (4.88) (1.72) 64.8 %
Average Shares 163.05 194.40 19.2 %
EPS (Riyals) (0.03) (0.01) 70.5 %

The company recorded higher sales and a decrease in provisions for other receivables, compared to Q1 2022. Additionally, the company made profits from its investments by utilizing a portion of its cash liquidity. On the other hand, administrative expenses went up.

 

Net losses decreased by 41.7% from SAR 2.95 million in Q4 2022, driven by higher sales and better value of its market investments.

 

Shareholders’ equity, no minority interest, soared to SAR 158.3 million as of March 31, 2023, from SAR 8.08 million in the year-earlier period.

 

Accumulated losses reached SAR 37.21 million by the end of the three-month period, representing 19% of the company’s capital.

View More Financial Results

 

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.