National Gypsum swings to SAR 8.2M net loss in 9M 2024; Q3 at SAR 9.9M

11/11/2024 Argaam Exclusive

View other reports

National Gypsum Co. reported a net loss of SAR 8.2 million for the first nine months of 2024, against a net profit of SAR 11.1 million in the prior-year period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	40.90	50.00	22.2 %
Gross Income	8.51	7.82	(8.0 %)
Operating Income	0.33	0.28	(15.9 %)
Net Income	11.12	(8.16)	(173.3 %)
Average Shares	31.67	31.67	-
EPS (Riyals)	0.35	(0.26)	(173.3 %)

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	13.25	17.10	29.1 %
Gross Income	2.93	2.72	(7.1 %)
Operating Income	(0.38)	0.20	150.8 %
Net Income	9.05	(9.85)	(208.8 %)
Average Shares	31.67	31.67	-
EPS (Riyals)	0.29	(0.31)	(208.8 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	16.05	17.10	6.5 %
Gross Income	2.90	2.72	(6.2 %)
Operating Income	0.23	0.20	(16.3 %)
Net Income	0.90	(9.85)	(1192.7 %)
Average Shares	31.67	31.67	-
EPS (Riyals)	0.03	(0.31)	(1192.7 %)

The company incurred a net loss of SAR 9.9 million Q3 2024 versus a net profit of SAR 9.05 million in a year earlier.

On a sequential basis, the company turned to a net loss from a net profit of SAR 0.9 million in Q2 2024.

Total shareholders’ equity (no minority interest) stood at SAR 349.69 million by Sept. 30, 2024, compared to SAR 369 million a year earlier.

Accumulated loss reached SAR 62.27 million by Sept. 30, 2024, representing 19.66% 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.

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.

×