Aqaseem profit declines 16.6% to SAR 6 mln in 2022

29/03/2023 Argaam Exclusive

View other reports

Aqaseem Factory for Chemicals and Plastics Co. reported a 17% drop in 2022 net profit to SAR 6 million, from SAR 7.2 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	98.72	140.51	42.3 %
Gross Income	23.88	29.02	21.5 %
Operating Income	8.30	7.20	(13.2 %)
Net Income	7.22	6.02	(16.6 %)
Average Shares	2.50	2.50	-
EPS (Riyals)	2.89	2.41	(16.6 %)

The lower profit was attributed to a 2% increase year-on-year (YoY) in the cost of raw materials due to global market conditions. Operating costs rose 1% YoY.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	53.15	79.27	49.2 %
Gross Income	11.97	16.76	40.0 %
Operating Income	4.34	4.96	14.3 %
Net Income	3.27	4.31	31.9 %
Average Shares	2.50	2.50	-
EPS (Riyals)	1.31	1.72	31.9 %

Item	H1 2022	H2 2022	Change‬
Revenues	61.24	79.27	29.5 %
Gross Income	12.27	16.76	36.6 %
Operating Income	2.24	4.96	121.7 %
Net Income	1.71	4.31	151.5 %
Average Shares	2.50	2.50	-
EPS (Riyals)	0.69	1.72	151.5 %

Shareholders’ equity, no minority interest, rose to SAR 45.76 million as of Dec. 31, 2022, from SAR 39.94 million 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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

×