NGDC posts 33% profit leap to SAR 3.3 mln in 2022

30/03/2023 Argaam Exclusive

View other reports

Natural Gas Distribution Co. (NGDC) reported a 33% profit jump to SAR 3.3 million in 2022, from SAR 2.5 million in 2021, thanks to higher sales and other revenue.

Financials (M)

Item	2021	2022	Change‬
Revenues	89.59	91.01	1.6 %
Gross Income	8.43	7.97	(5.5 %)
Operating Income	2.85	3.14	10.4 %
Net Income	2.48	3.29	32.6 %
Average Shares	5.00	5.00	-
EPS (Riyals)	0.50	0.66	32.6 %

The natural gas producer recorded a decline in general and administrative expenses, compared to 2021.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	44.66	47.76	6.9 %
Gross Income	4.12	4.58	11.3 %
Operating Income	1.52	2.17	42.9 %
Net Income	1.25	2.36	88.5 %
Average Shares	5.00	5.00	-
EPS (Riyals)	0.25	0.47	88.5 %

Item	H1 2022	H2 2022	Change‬
Revenues	43.25	47.76	10.4 %
Gross Income	3.39	4.58	35.3 %
Operating Income	0.97	2.17	124.1 %
Net Income	0.93	2.36	153.7 %
Average Shares	5.00	5.00	-
EPS (Riyals)	0.19	0.47	153.7 %

Total shareholders’ equity, no minority interest, increased to SAR 56.98 million as of Dec. 31, 2022, from SAR 56.19 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.

×