Financial Results : Thimar swings to SAR 785,000 loss in Q1 2023

Thimar swings to SAR 785,000 loss in Q1 2023

23/05/2023 Argaam Exclusive

View other reports

Thimar Development Holding Co. turned to a net loss of SAR 785,000 in Q1 2023, from a net profit of SAR 2.6 million in the year-earlier period on higher general and administrative expenses (G&A), along with a decline in other income.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Operating Income (1.26) (1.18) 6.7 %
Net Income 2.55 (0.33) (112.8 %)
Average Shares 3.87 3.87 -
EPS (Riyals) 0.66 (0.08) (112.8 %)

Sequentially, the company trimmed net losses from SAR 5.61 million in Q4 2022, backed by lower G&A and higher other income.

 

Thimar also did not record some items of other expenses, such as provisions for contingent liabilities, receivables, enforcement court and expected credit losses.

 

Shareholders’ equity, no minority interest, rose to SAR 99.92 million as of March 31, 2023, from SAR 91.89 million a year earlier.

 

Accumulated losses came in at SAR 234.43 million by the end of Q1 2023, accounting for 234.44% 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.