Financial Results : Ash-Sharqiyah loses SAR 4.2M in 2024, SAR 13M in Q4

Ash-Sharqiyah loses SAR 4.2M in 2024, SAR 13M in Q4

25/03/2025 Argaam Exclusive

View other reports

Ash-Sharqiyah Development Co. widened its net losses to SAR 4.2 million in 2024, from SAR 185,000 a year earlier, after allocating a Zakat provision exceeding SAR 5 million.



Financials (M)

Item 2023 2024 Change‬
Revenues 0.00 85.82 -
Operating Income (6.10) (17.46) (186.4 %)
Net Income (0.19) (4.17) (2,143.6 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) (0.01) (0.34) (5,393.2 %)
EPS (Riyals) (0.01) (0.14) (2,143.6 %)

This was partially offset by revenues generated this year, compared to none in 2023. This came as the company’s subsidiaries commenced commercial operations mid-year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 0.00 34.29 -
Gross Income 0.00 (1.30) -
Operating Income (1.47) (10.74) (629.0 %)
Net Income 1.67 (12.95) (874.9 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 0.06 (0.43) (874.9 %)
EPS (Riyals) 0.06 (0.43) (874.9 %)

In Q4 2024, Ash-Sharqiyah turned to losses of SAR 13 million, against a net profit of SAR 1.67 million in Q4 2023.

 

The company recorded net earnings of SAR 6 million in Q3 2024.

 

Total shareholders’ equity, no minority interest, fell to SAR 358.29 million as of Dec. 31, 2024, compared to SAR 365.85 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.

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.