These 20 companies disclosed 2023 financials last week

08/03/2024 Argaam Exclusive

A total of 20 Tadawul-listed companies disclosed their 2023 financial results last week, including Saudi Electricity Co. (SEC), Mobile Telecommunication Company Saudi Arabia (Zain KSA), Sahara International Petrochemical Co. (Sipchem), and National Industrialization Co. (Tasnee).

 

As many as seven market players realized a profit rise, 10 reported a profit decline, while three incurred losses, as follows:

Financial Results of Announced Companies (Million Riyal)

Company 2022 2023 Change Earnings per share Details Charts
SHL 95.89 2.33 (97.57 %) - Details Charts
SACO (142.50) (68.97) 51.60 % (1.92) Details Charts
TAWUNIYA 302.19 616.43 103.98 % 4.11 Details Charts
ALANDALUS 66.77 36.42 (45.46 %) 0.39 Details Charts
RIYADH CABLES 352.32 518.77 47.24 % 3.46 Details Charts
MARAFIQ 845.65 525.80 (37.82 %) 2.10 Details Charts
THIMAR (2.96) (6.53) (120.94 %) (1.00) Details Charts
SAUDI CEMENT 398.84 381.03 (4.47 %) 2.49 Details Charts
MESC (11.79) 48.94 515.12 % 1.22 Details Charts
SAUDI ELECTRICITY 7,473.85 2,587.92 (65.37 %) 0.62 Details Charts
APC (10.49) 132.11 1359.58 % 8.81 Details Charts
ADES 390.45 442.10 13.23 % 0.39 Details Charts
SAPTCO (90.87) (35.58) 60.84 % (0.28) Details Charts
TASNEE 666.35 174.57 (73.80 %) 0.26 Details Charts
AMAK 126.33 54.58 (56.79 %) 0.61 Details Charts
SIPCHEM 3,595.29 1,174.99 (67.32 %) 1.60 Details Charts
SAL 362.41 509.72 40.65 % 6.37 Details Charts
ALAKARIA 110.54 67.63 (38.81 %) 0.18 Details Charts
ZAIN KSA 549.67 1,267.01 130.50 % 1.41 Details Charts
BAWAN 162.85 136.04 (16.46 %) 2.27 Details Charts

The official deadline for 2023 earnings season falls on March 31.

The consolidated profit of the companies that disclosed their results dropped by 23% to SAR 110.3 billion compared to a year earlier.

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