Financial Results : Taiba net profit surges to SAR 62.1 mln in Q1 2023

Taiba net profit surges to SAR 62.1 mln in Q1 2023

16/05/2023 Argaam Exclusive

View other reports

 

Taiba Investments Co. posted a net profit of SAR 62.1 million in Q1 2023, almost a three-fold increase from SAR 20.4 million a year earlier. 

 


Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 52.55 110.96 111.1 %
Gross Income 22.07 74.15 236.1 %
Operating Income 20.66 61.41 197.2 %
Net Income 20.35 62.06 205.0 %
Average Shares 160.46 185.46 15.6 %
EPS (Riyals) 0.13 0.33 163.9 %

The positive performance was driven by higher revenues as a result of a recovery in Taiba's core activities from the effects of COVID-19 pandemic, in addition to recording dividend from one of the investee companies at fair value through other comprehensive income.

 

Sequentially, net profit rose 48% from SAR 41.94 million in Q4 2022.

 

Shareholders’ equity, after minority interest, stood at SAR 3.79 billion as of March 31, 2023, compared to SAR 3.67 billion a year earlier.

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.