Financial Results : Sinad Holding turns to SAR 21.5 mln loss in Q1 2023

Sinad Holding turns to SAR 21.5 mln loss in Q1 2023

17/05/2023 Argaam Exclusive

View other reports

Sinad Holding Co. reported a net loss of SAR 21.5 million in Q1 2023, against a profit of SAR 10.2 million a year earlier. 

 


Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 472.98 414.74 (12.3 %)
Gross Income 133.44 115.77 (13.2 %)
Operating Income 15.22 (4.02) (126.4 %)
Net Income 10.24 (21.51) (310.2 %)
Average Shares 126.39 126.39 -
EPS (Riyals) 0.08 (0.17) (310.2 %)

The losses were driven by lower gross profit from sales and investments, lower other income, as well as higher finance charges and Zakat expenses. 

 

Sequentially, the company swung to losses from a profit of SAR 74.79 million in Q4 2022. 

 

Total shareholders’ equity, excluding minority interest, stood at SAR 1.19 billion as of March 31, 2023, compared to SAR 1.38 billion a year earlier. 

 

Accumulated losses reached SAR 49 million as of March 31, 2023, representing 3.88% 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.