Financial Results : SIIG swings to loss of SAR 242 mln in Q1 2023

SIIG swings to loss of SAR 242 mln in Q1 2023

10/05/2023 Argaam Exclusive

View other reports

Saudi Industrial Investment Group (SIIG) reported a net loss of SAR 242 million for Q1 2023, against a profit of SAR 235 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Operating Income (9.53) (8.47) 11.1 %
Net Income 234.88 (241.50) (202.8 %)
Average Shares 678.60 754.80 11.2 %
EPS (Riyals) 0.35 (0.32) (192.4 %)

The negative performance came on the back of losses realized on jointly managed projects, unplanned turnaround maintenance for Saudi Polymer Co., and lower selling prices.

 

On a sequential basis, the company narrowed its losses in Q1 2023 from SAR 296.4 million in Q4 2022. 

 

Total shareholders’ equity, excluding minority interest, rose to SAR 10.44 billion as of March 31, 2023, from SAR 7.56 billion 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.