Financial Results : GASCO posts flat net profit of SAR 73 mln in Q1 2023

GASCO posts flat net profit of SAR 73 mln in Q1 2023

11/05/2023 Argaam Exclusive

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National Gas and Industrialization Co. (GASCO) reported a year-on-year flat net profit of SAR 73 million for the first quarter of 2023, citing the lack of major changes.  



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 517.18 614.93 18.9 %
Gross Income 76.44 90.32 18.2 %
Operating Income 33.64 50.41 49.9 %
Net Income 70.64 72.98 3.3 %
Average Shares 75.00 75.00 -
EPS (Riyals) 0.94 0.97 3.3 %

The first-quarter net profit jumped 33.5% from SAR 54.67 million in Q4 2022.

 

Shareholders’ equity, no minority interest, increased to SAR 1.87 billion as of March 31, 2023, from SAR 1.80 billion a year earlier.

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