Jabal Omar turns to loss of SAR 352.4 mln in 2022; Q4 at SAR 194.5 mln

30/03/2023 Argaam Exclusive

View other reports

Jabal Omar Development Co. reported a net loss of SAR 352.4 million for 2022, against a profit of SAR 946.2 million a year earlier.

Financials (M)

Item	2021	2022	Change‬
Revenues	310.36	849.50	173.7 %
Gross Income	(224.64)	29.47	113.1 %
Operating Income	(432.35)	(176.78)	59.1 %
Net Income	946.21	(352.43)	(137.2 %)
Average Shares	929.40	1,041.97	12.1 %
EPS (Riyals)	1.02	(0.34)	(133.2 %)

The company attributed the losses to the recognition of around a SAR 1 billion gain on sale of two plots of land and an adjusted profit from loan restructuring in 2021.

The company turned to a net loss in Q4 2022 of SAR 194.5 million against a profit of SAR 1.29 billion in the same period a year earlier.

On a sequential basis, Jabal Omar swung to losses in Q4 2022 from a profit of SAR 153.1 million in Q3 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	168.38	239.58	42.3 %
Gross Income	(24.58)	(50.02)	(103.6 %)
Operating Income	(128.07)	(59.03)	53.9 %
Net Income	1,290.98	(194.45)	(115.1 %)
Average Shares	929.40	1,041.97	12.1 %
EPS (Riyals)	1.39	(0.19)	(113.4 %)

Item	Q3 2022	Q4 2022	Change‬
Revenues	218.63	239.58	9.6 %
Gross Income	7.98	(50.02)	(726.9 %)
Operating Income	(86.78)	(59.03)	32.0 %
Net Income	153.11	(194.45)	(227.0 %)
Average Shares	1,041.97	1,041.97	-
EPS (Riyals)	0.15	(0.19)	(227.0 %)

Total shareholders’ equity, excluding minority interest, rose to SAR 13.38 billion as of Dec. 31, 2022, from SAR 8.62 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.

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.

×