Saudi Cable reports SAR 7M profit in H1 2024; Q2 at SAR 11.9M

07/08/2024 Argaam Exclusive

View other reports

Saudi Cable Co. (SCC) reported a net profit of SAR 7 million in H1 2024, 87.8% down from SAR 57.4 in the same period last year.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	15.59	22.69	45.6 %
Gross Income	(35.27)	(19.56)	44.5 %
Operating Income	(17.42)	(37.22)	(113.7 %)
Net Income	57.44	25.77	(55.1 %)
Average Shares	6.67	6.67	-
EPS (Riyals)	8.61	3.86	(55.1 %)

This was attributed to higher revenues from improved utilization of production capacity, as well as lower costs and fixed expenses and better-than-expected results from an associated company.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	3.87	10.12	161.2 %
Gross Income	(17.19)	(8.96)	47.9 %
Operating Income	(21.74)	(19.33)	11.1 %
Net Income	(6.83)	11.87	273.8 %
Average Shares	6.67	6.67	-
EPS (Riyals)	(1.02)	1.78	273.8 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	12.57	10.12	(19.5 %)
Gross Income	(10.60)	(8.96)	15.4 %
Operating Income	(17.90)	(19.33)	(8.0 %)
Net Income	13.90	11.87	(14.6 %)
Average Shares	6.67	6.67	-
EPS (Riyals)	2.08	1.78	(14.6 %)

Shareholders’ equity, after excluding minority interest, reached SAR 445.67 million at the end of H1 2024, compared to SAR 474.32 million in the year-earlier period.

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.

×