Financial Results : Sadr loses SAR 3.8M in 2024; earns SAR 3.3M in Q4

Sadr loses SAR 3.8M in 2024; earns SAR 3.3M in Q4

23/03/2025 Argaam Exclusive

View other reports

Sadr Logistics Co. reported a net loss of SAR 3.8 million in 2024, compared to SAR 4.2 million in 2023.


Financials (M)

Item 2023 2024 Change‬
Revenues 104.04 111.86 7.5 %
Gross Income 18.02 24.11 33.8 %
Operating Income (2.62) 0.10 104.0 %
Net Income (4.25) (3.75) 11.6 %
Average Shares 175.00 175.00 -
Earnings Per Share before unusual items (Riyals) (0.02) (0.02) 11.6 %
EPS (Riyals) (0.02) (0.02) 11.6 %

Topline grew due to a 40.49% increase in logistics segment’s revenues, a 22.56% rise in sales in other sectors, and a slight growth in wood sales, despite a marginal dip in iron sales by 3.04%.

 

Meanwhile, the company also reported lower Zakat provision, along with a decline in selling, marketing, administrative, general and financing expenses and a decrease in investment profits and other revenues.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 25.09 33.07 31.8 %
Gross Income 3.27 10.52 221.5 %
Operating Income (2.50) 3.79 251.5 %
Net Income (4.43) 3.28 174.0 %
Average Shares 175.00 175.00 -
Earnings Per Share before unusual items (Riyals) (0.03) 0.02 174.0 %
EPS (Riyals) (0.03) 0.02 174.0 %
Q4 2024 net profit stood at SAR 3.3 million, versus a net loss of SAR 4.4 million in Q4 2023. Sequentially, the company swung to a net profit against a net loss of SAR 1.7 million in Q3 2024.
 
Total shareholders’ equity, no minority interest, stood at SAR 167.5 million by Dec. 31, 2024, compared to SAR 171.7 million a year earlier.
 
Sadr’s accumulated losses reached SAR 8.54 million as of Dec. 31, 2024, standing at 4.88% of 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.