Amiantit widens 9M 2023 loss to SAR 138.2 mln; Q3 at SAR 130.1 mln

26/10/2023 Argaam Exclusive

View other reports

Saudi Arabian Amiantit Co.’s net losses reached SAR 138.2 million in the first nine months of 2023, compared to SAR 18.1 million a year earlier.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	364.63	524.33	43.8 %
Gross Income	21.80	77.13	253.8 %
Operating Income	(23.36)	8.34	135.7 %
Net Income	(18.11)	(138.19)	(663.2 %)
Average Shares	30.25	30.25	-
EPS (Riyals)	(0.60)	(4.57)	(663.2 %)

The company attributed the loss increase to booking an additional provision for Zakat at SAR 115 million in the current period of 2023. This was also due to an increase in finance costs on high SAIBOR rate.

There was no provision reversal for expected credit losses in 9M 2023, compared to a provision reversal for expected credit losses of SAR 16 million in the same period of 2022.

In Q3 2023, the company incurred a net loss of SAR 130.1 million, compared to SAR 8.09 million in Q3 2022.

An additional provision was booked for Zakat in Q3 2023 at SAR 115 million. The company also recorded an increase in finance costs in the current three-month period, compared to a year before, due to the high SAIBOR rate.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	123.48	160.57	30.0 %
Gross Income	8.02	23.77	196.4 %
Operating Income	(10.60)	0.01	100.1 %
Net Income	(8.09)	(130.10)	(1,508.6 %)
Average Shares	30.25	30.25	-
EPS (Riyals)	(0.27)	(4.30)	(1,508.6 %)

Item	Q2 2023	Q3 2023	Change‬
Revenues	166.31	160.57	(3.5 %)
Gross Income	16.23	23.77	46.4 %
Operating Income	(7.14)	0.01	100.1 %
Net Income	(10.08)	(130.10)	(1,190.2 %)
Average Shares	30.25	30.25	-
EPS (Riyals)	(0.33)	(4.30)	(1,190.2 %)

Compared to the previous quarter, net losses widened significantly from SAR 10.08 million.

Shareholders’ equity, after minority interest, fell to SAR 203.72 million as of Sept. 30, 2023, from SAR 245.801 million in the year-ago period.

Accumulated losses reached SAR 172.88 million as of Sept. 30, 2023, accounting for 174.6% of the company’s capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	697.61	(18.8 %)	107.91	(23.1 %)	46.48	(34.2 %)
Q2 2014	716.87	(13.7 %)	110.43	(23.5 %)	47.12	(35.3 %)
Q3 2014	623.25	(18.1 %)	85.34	(15.6 %)	21.56	(51.3 %)
Q4 2014	688.06	1.1 %	121.35	44.0 %	56.30	41.5 %
2014	2,725.79	(12.9 %)	425.03	(9.6 %)	171.45	(24.6 %)
Q1 2015	731.36	4.8 %	110.60	2.5 %	57.37	23.4 %
Q2 2015	713.61	(0.5 %)	113.95	3.2 %	46.13	(2.1 %)
Q3 2015	720.15	15.5 %	140.43	64.6 %	71.25	230.6 %
Q4 2015	743.51	8.1 %	104.91	(13.5 %)	46.20	(17.9 %)
2015	2,908.63	6.7 %	499.64	17.6 %	220.95	28.9 %
Q1 2016	554.29	(24.2 %)	95.49	(13.7 %)	34.47	(39.9 %)
Q2 2016	508.71	(28.7 %)	74.20	(34.9 %)	15.93	(65.5 %)
Q3 2016	284.77	(60.5 %)	45.91	(67.3 %)	(3.06)	(104.3 %)
Q4 2016	246.31	(66.9 %)	(55.11)	(152.5 %)	(148.11)	(420.6 %)
2016	1,364.01	(53.1 %)	114.41	(77.1 %)	(106.98)	(148.4 %)
Q1 2017	210.13	(62.1 %)	23.34	(75.6 %)	(5.86)	(117.0 %)
Q2 2017	212.33	(58.3 %)	34.93	(52.9 %)	6.03	(62.2 %)
Q3 2017	132.78	(53.4 %)	1.85	(96.0 %)	(23.00)	(650.8 %)
Q4 2017	232.97	(5.4 %)	64.38	216.8 %	3.16	102.1 %
2017	792.34	(41.9 %)	124.50	8.8 %	(5.27)	95.1 %
Q1 2018	199.97	(4.8 %)	32.04	37.3 %	4.88	183.3 %
Q2 2018	199.41	(6.1 %)	18.94	(45.8 %)	(9.61)	(259.4 %)
Q3 2018	269.68	103.1 %	59.67	3130.8 %	24.76	207.7 %
Q4 2018	278.53	19.6 %	(14.54)	(122.6 %)	(61.15)	(2037.1 %)
2018	947.59	19.6 %	96.11	(22.8 %)	(41.12)	(679.8 %)
Q1 2019	233.03	16.5 %	15.63	(51.2 %)	(13.78)	(382.4 %)
Q2 2019	163.58	(18.0 %)	(205.01)	(1182.5 %)	(239.48)	(2,393.1 %)
Q3 2019	186.35	(30.9 %)	19.52	(67.3 %)	(1.91)	(107.7 %)
Q4 2019	197.45	(29.1 %)	23.35	260.5 %	3.96	106.5 %
2019	780.41	(17.6 %)	(146.51)	(252.4 %)	(247.51)	(502.0 %)
Q1 2020	162.04	(30.5 %)	(5.87)	(137.6 %)	(30.29)	(119.9 %)
Q2 2020	83.18	(49.1 %)	(14.95)	92.7 %	(35.73)	85.1 %
Q3 2020	115.97	(37.8 %)	(6.24)	(132.0 %)	(26.97)	(1,311.1 %)
Q4 2020	79.83	(59.6 %)	(38.09)	(263.1 %)	(60.42)	(1627.8 %)
2020	441.02	(43.5 %)	(65.15)	55.5 %	(153.41)	38.0 %
Q1 2021	114.56	(29.3 %)	(18.33)	(212.1 %)	(49.97)	(64.9 %)
Q2 2021	111.09	33.6 %	(24.82)	(66.0 %)	(47.76)	(33.7 %)
Q3 2021	96.11	(17.1 %)	(33.63)	(439.3 %)	(69.42)	(157.4 %)
Q4 2021	117.14	46.7 %	0.24	100.6 %	(20.43)	66.2 %
2021	438.91	(0.5 %)	(76.54)	(17.5 %)	(187.57)	(22.3 %)
Q1 2022	119.52	4.3 %	9.18	150.1 %	3.47	106.9 %
Q2 2022	121.64	9.5 %	4.60	118.5 %	(16.23)	66.0 %
Q3 2022	123.48	28.5 %	8.02	123.8 %	(10.60)	84.7 %
Q4 2022	144.19	23.1 %	(2.81)	(1252.0 %)	(23.49)	(15.0 %)
2022	508.82	15.9 %	18.99	124.8 %	(46.85)	75.0 %
Q1 2023	197.45	65.2 %	38.07	314.6 %	15.46	346.3 %
Q2 2023	166.31	36.7 %	16.23	253.0 %	(7.14)	56.0 %
Q3 2023	160.57	30.0 %	23.77	196.4 %	0.01	100.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	3,130.67	(9.4 %)	470.01	(15.6 %)	227.46	(13.6 %)
2014	2,725.79	(12.9 %)	425.03	(9.6 %)	171.45	(24.6 %)
2015	2,908.63	6.7 %	499.64	17.6 %	220.95	28.9 %
2016	1,364.01	(53.1 %)	114.41	(77.1 %)	(106.98)	(148.4 %)
2017	792.34	(41.9 %)	124.50	8.8 %	(5.27)	95.1 %
2018	947.59	19.6 %	96.11	(22.8 %)	(41.12)	(679.8 %)
2019	780.41	(17.6 %)	(146.51)	(252.4 %)	(247.51)	(502.0 %)
2020	441.02	(43.5 %)	(65.15)	55.5 %	(153.41)	38.0 %
2021	438.91	(0.5 %)	(76.54)	(17.5 %)	(187.57)	(22.3 %)
2022	508.82	15.9 %	18.99	124.8 %	(46.85)	75.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	20.59	(32.1 %)	0.68	-	20.59	0.68
Q2 2014	24.56	(19.9 %)	0.81	1.17	23.39	0.77
Q3 2014	17.58	(0.1 %)	0.58	21.10	(3.53)	(0.12)
Q4 2014	19.89	(41.5 %)	0.66	(14.86)	34.75	1.15
2014	82.62	(26.6 %)	2.73	7.41	75.21	2.49
Q1 2015	25.86	25.6 %	0.85	-	25.86	0.85
Q2 2015	25.98	5.8 %	0.86	-	25.98	0.86
Q3 2015	27.06	54.0 %	0.89	-	27.06	0.89
Q4 2015	22.47	13.0 %	0.74	-	22.47	0.74
2015	101.37	22.7 %	3.35	-	101.37	3.35
Q1 2016	0.51	(98.0 %)	0.02	-	0.51	0.02
Q2 2016	1.56	(94.0 %)	0.05	-	1.56	0.05
Q3 2016	(33.58)	(224.1 %)	(1.11)	-	(33.58)	(1.11)
Q4 2016	(201.68)	(997.5 %)	(6.67)	-	(201.68)	(6.67)
2016	(232.92)	(329.8 %)	(7.70)	-	(232.92)	(7.70)
Q1 2017	(45.75)	(9036.1 %)	(1.51)	-	(45.75)	(1.51)
Q2 2017	(14.51)	(1033.3 %)	(0.48)	-	(14.51)	(0.48)
Q3 2017	6.41	119.1 %	0.21	63.60	(57.19)	(1.89)
Q4 2017	(50.47)	75.0 %	(1.67)	-	(50.47)	(1.67)
2017	(89.92)	61.4 %	(2.97)	63.60	(153.52)	(5.08)
Q1 2018	(39.98)	12.6 %	(1.32)	-	(39.98)	(1.32)
Q2 2018	(53.26)	(267.0 %)	(1.76)	-	(53.26)	(1.76)
Q3 2018	1.42	(77.8 %)	0.05	-	1.42	0.05
Q4 2018	(141.71)	(180.8 %)	(4.69)	(16.00)	(125.71)	(4.16)
2018	(233.54)	(159.7 %)	(7.72)	(16.00)	(217.54)	(7.19)
Q1 2019	(40.37)	(1.0 %)	(1.33)	-	(40.37)	(1.33)
Q2 2019	(255.75)	(380.2 %)	(8.46)	-	(255.75)	(8.46)
Q3 2019	(4.97)	(449.3 %)	(0.16)	-	(4.97)	(0.16)
Q4 2019	(37.39)	73.6 %	(1.24)	-	(37.39)	(1.24)
2019	(338.48)	(44.9 %)	(11.19)	-	(338.48)	(11.19)
Q1 2020	(131.29)	(225.3 %)	(4.34)	(63.30)	(68.00)	(2.25)
Q2 2020	(57.30)	77.6 %	(1.89)	(1.68)	(55.62)	(1.84)
Q3 2020	(55.50)	(1,016.4 %)	(1.83)	(12.97)	(42.53)	(1.41)
Q4 2020	(145.26)	(288.5 %)	(4.80)	(27.66)	(117.61)	(3.89)
2020	(389.35)	(15.0 %)	(12.87)	(105.60)	(283.75)	(9.38)
Q1 2021	(1.35)	99.0 %	(0.04)	52.20	(53.54)	(1.77)
Q2 2021	(59.11)	(3.2 %)	(1.95)	-	(59.11)	(1.95)
Q3 2021	(87.35)	(57.4 %)	(2.89)	4.11	(91.46)	(3.02)
Q4 2021	(23.52)	83.8 %	(0.78)	3.20	(26.72)	(0.88)
2021	(171.32)	56.0 %	(5.66)	59.51	(230.83)	(7.63)
Q1 2022	(5.98)	(344.6 %)	(0.20)	-	(5.98)	(0.20)
Q2 2022	(4.04)	93.2 %	(0.13)	13.17	(17.21)	(0.57)
Q3 2022	(8.09)	90.7 %	(0.27)	-	(8.09)	(0.27)
Q4 2022	9.33	139.6 %	0.31	37.35	(28.02)	(0.93)
2022	(8.78)	94.9 %	(0.29)	50.52	(59.30)	(1.96)
Q1 2023	2.00	133.4 %	0.07	-	2.00	0.07
Q2 2023	(10.08)	(149.7 %)	(0.33)	1.35	(11.43)	(0.38)
Q3 2023	(130.10)	(1,508.6 %)	(4.30)	(115.00)	(15.10)	(0.50)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	112.61	1.1 %	3.72	-	112.61	3.72
2014	82.62	(26.6 %)	2.73	7.41	75.21	2.49
2015	101.37	22.7 %	3.35	-	101.37	3.35
2016	(232.92)	(329.8 %)	(7.70)	-	(232.92)	(7.70)
2017	(89.92)	61.4 %	(2.97)	63.60	(153.52)	(5.08)
2018	(233.54)	(159.7 %)	(7.72)	(16.00)	(217.54)	(7.19)
2019	(338.48)	(44.9 %)	(11.19)	-	(338.48)	(11.19)
2020	(389.35)	(15.0 %)	(12.87)	(105.60)	(283.75)	(9.38)
2021	(171.32)	56.0 %	(5.66)	59.51	(230.83)	(7.63)
2022	(8.78)	94.9 %	(0.29)	50.52	(59.30)	(1.96)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	14.74 %	8.73 %	3.46 %
Q2 2014	14.14 %	8.17 %	3.35 %
Q3 2014	14.27 %	7.67 %	2.74 %
Q4 2014	15.59 %	10.14 %	2.76 %
2014	15.59 %	10.14 %	2.76 %
Q1 2015	15.50 %	10.89 %	2.92 %
Q2 2015	15.65 %	10.91 %	3.01 %
Q3 2015	17.05 %	12.54 %	3.98 %
Q4 2015	16.16 %	12.06 %	3.49 %
2015	17.18 %	12.06 %	3.49 %
Q1 2016	16.65 %	12.06 %	2.78 %
Q2 2016	16.43 %	11.42 %	2.04 %
Q3 2016	15.33 %	9.58 %	(0.43 %)
Q4 2016	10.07 %	(2.40 %)	(14.63 %)
2016	8.39 %	(3.25 %)	(17.08 %)
Q1 2017	7.07 %	(6.77 %)	(22.36 %)
Q2 2017	5.15 %	(10.57 %)	(30.99 %)
Q3 2017	0.63 %	(16.65 %)	(39.82 %)
Q4 2017	15.80 %	5.49 %	(21.30 %)
2017	15.71 %	7.28 %	(19.38 %)
Q1 2018	17.12 %	5.54 %	(20.84 %)
Q2 2018	15.32 %	3.48 %	(26.26 %)
Q3 2018	19.40 %	9.47 %	(15.77 %)
Q4 2018	10.14 %	5.72 %	(22.96 %)
2018	10.14 %	5.72 %	(22.96 %)
Q1 2019	8.13 %	3.58 %	(22.22 %)
Q2 2019	(15.27 %)	(7.30 %)	(44.50 %)
Q3 2019	(21.40 %)	(11.76 %)	(49.54 %)
Q4 2019	(18.77 %)	(9.98 %)	(43.37 %)
2019	(18.77 %)	(9.51 %)	(43.37 %)
Q1 2020	(23.68 %)	(14.19 %)	(51.61 %)
Q2 2020	3.50 %	(4.51 %)	(26.39 %)
Q3 2020	(0.67 %)	(9.19 %)	(36.43 %)
Q4 2020	(14.77 %)	(27.50 %)	(64.34 %)
2020	(14.77 %)	(27.50 %)	(64.34 %)
Q1 2021	(19.72 %)	(35.82 %)	(68.43 %)
Q2 2021	(20.76 %)	(36.52 %)	(64.72 %)
Q3 2021	(28.60 %)	(49.45 %)	(80.11 %)
Q4 2021	(17.44 %)	(35.71 %)	(52.59 %)
2021	(17.44 %)	(35.71 %)	(52.59 %)
Q1 2022	(11.05 %)	(23.59 %)	(41.29 %)
Q2 2022	(4.31 %)	(16.40 %)	(31.11 %)
Q3 2022	4.57 %	(3.50 %)	(12.04 %)
Q4 2022	3.73 %	(4.15 %)	(11.65 %)
2022	3.73 %	(4.15 %)	(11.65 %)
Q1 2023	8.16 %	(1.03 %)	(8.75 %)
Q2 2023	9.42 %	0.71 %	(7.21 %)
Q3 2023	11.26 %	2.27 %	(7.86 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	15.01 %	9.47 %	3.60 %
2014	15.59 %	10.14 %	2.76 %
2015	17.18 %	12.06 %	3.49 %
2016	8.39 %	(3.25 %)	(17.08 %)
2017	15.71 %	7.28 %	(19.38 %)
2018	10.14 %	5.72 %	(22.96 %)
2019	(18.77 %)	(9.51 %)	(43.37 %)
2020	(14.77 %)	(27.50 %)	(64.34 %)
2021	(17.44 %)	(35.71 %)	(52.59 %)
2022	3.73 %	(4.15 %)	(11.65 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	15.47 %	9.13 %	2.95 %
Q2 2014	15.40 %	10.86 %	3.26 %
Q3 2014	13.69 %	6.93 %	(0.57 %)
Q4 2014	17.64 %	13.32 %	5.05 %
Q1 2015	15.12 %	11.99 %	3.54 %
Q2 2015	15.97 %	10.96 %	3.64 %
Q3 2015	19.50 %	13.93 %	3.76 %
Q4 2015	14.11 %	11.40 %	3.02 %
Q1 2016	17.23 %	11.92 %	0.09 %
Q2 2016	14.59 %	7.35 %	0.31 %
Q3 2016	16.12 %	4.21 %	(11.79 %)
Q4 2016	(22.37 %)	(62.38 %)	(81.88 %)
Q1 2017	11.11 %	9.35 %	(21.77 %)
Q2 2017	16.45 %	10.03 %	(6.84 %)
Q3 2017	1.39 %	(15.60 %)	(43.07 %)
Q4 2017	27.63 %	9.90 %	(21.66 %)
Q1 2018	16.02 %	9.73 %	(19.99 %)
Q2 2018	9.50 %	2.40 %	(26.71 %)
Q3 2018	22.13 %	14.12 %	0.53 %
Q4 2018	(5.22 %)	(2.92 %)	(45.13 %)
Q1 2019	6.71 %	0.15 %	(17.32 %)
Q2 2019	(125.33 %)	(60.68 %)	(156.34 %)
Q3 2019	10.47 %	3.10 %	(2.67 %)
Q4 2019	11.82 %	7.72 %	(18.94 %)
Q1 2020	(3.62 %)	(13.83 %)	(41.96 %)
Q2 2020	(17.97 %)	(32.42 %)	(66.86 %)
Q3 2020	(5.38 %)	(14.85 %)	(36.67 %)
Q4 2020	(47.71 %)	(68.49 %)	(147.33 %)
Q1 2021	(16.00 %)	(36.74 %)	(46.74 %)
Q2 2021	(22.35 %)	(35.96 %)	(53.20 %)
Q3 2021	(34.99 %)	(64.36 %)	(95.16 %)
Q4 2021	0.21 %	(10.96 %)	(22.81 %)
Q1 2022	7.68 %	8.33 %	(5.00 %)
Q2 2022	3.78 %	(8.05 %)	(14.15 %)
Q3 2022	6.49 %	(3.37 %)	(6.55 %)
Q4 2022	(1.95 %)	(11.85 %)	(19.44 %)
Q1 2023	19.28 %	12.66 %	1.01 %
Q2 2023	9.76 %	0.45 %	(6.87 %)
Q3 2023	14.80 %	4.05 %	(9.41 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	30.25	3.40	3.40	48.42
Q2 2014	30.25	3.20	3.16	49.07
Q3 2014	30.25	3.20	2.46	47.58
Q4 2014	30.25	2.73	2.49	47.45
Q1 2015	30.25	2.91	2.66	46.73
Q2 2015	30.25	2.95	2.75	47.55
Q3 2015	30.25	3.27	3.76	48.19
Q4 2015	30.25	3.35	3.35	48.38
Q1 2016	30.25	2.51	2.51	43.21
Q2 2016	30.25	1.71	1.71	41.29
Q3 2016	30.25	(0.30)	(0.30)	40.25
Q4 2016	30.25	(7.71)	(7.71)	32.22
Q1 2017	30.25	(9.24)	(9.24)	31.10
Q2 2017	30.25	(9.77)	(9.77)	31.68
Q3 2017	30.25	(8.45)	(10.55)	33.04
Q4 2017	30.25	(3.45)	(5.55)	31.97
Q1 2018	30.25	(3.26)	(5.36)	30.92
Q2 2018	30.25	(4.54)	(6.64)	27.92
Q3 2018	30.25	(4.70)	(4.70)	27.96
Q4 2018	30.25	(7.72)	(7.19)	22.12
Q1 2019	30.25	(7.73)	(7.21)	20.13
Q2 2019	30.25	(14.43)	(13.90)	11.94
Q3 2019	30.25	(14.64)	(14.11)	11.04
Q4 2019	30.25	(11.19)	(11.19)	11.15
Q1 2020	30.25	(14.20)	(12.10)	7.07
Q2 2020	30.25	(7.64)	(5.49)	5.57
Q3 2020	30.25	(9.31)	(6.73)	4.40
Q4 2020	30.25	(12.87)	(9.38)	4.91
Q1 2021	30.25	(8.58)	(8.90)	4.25
Q2 2021	30.25	(8.64)	(9.02)	2.72
Q3 2021	30.25	(9.69)	(10.64)	(0.42)
Q4 2021	30.25	(5.66)	(7.63)	10.76
Q1 2022	30.25	(5.82)	(6.06)	10.28
Q2 2022	30.25	(4.00)	(4.67)	9.37
Q3 2022	30.25	(1.38)	(1.92)	8.13
Q4 2022	30.25	(0.29)	(1.96)	11.16
Q1 2023	30.25	(0.03)	(1.70)	11.08
Q2 2023	30.25	(0.23)	(1.51)	11.03
Q3 2023	30.25	(4.26)	(1.74)	6.74

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	30.25	3.72	3.72	51.72
2014	30.25	2.73	2.49	47.45
2015	30.25	3.35	3.35	48.38
2016	30.25	(7.70)	(7.70)	32.22
2017	30.25	(2.97)	(5.08)	31.97
2018	30.25	(7.72)	(7.19)	22.12
2019	30.25	(11.19)	(11.19)	11.15
2020	30.25	(12.87)	(9.38)	4.91
2021	30.25	(5.66)	(7.63)	10.76
2022	30.25	(0.29)	(1.96)	11.16

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	32.53	32.53	2.28
Q2 2014	35.73	36.16	2.33
Q3 2014	39.27	51.02	2.64
Q4 2014	31.79	34.92	1.83
Q1 2015	28.72	31.36	1.79
Q2 2015	29.98	32.23	1.86
Q3 2015	21.02	18.27	1.42
Q4 2015	17.74	17.74	1.23
Q1 2016	24.63	24.63	1.43
Q2 2016	31.99	31.99	1.32
Q3 2016	NEG	NEG	0.97
Q4 2016	NEG	NEG	1.71
Q1 2017	NEG	NEG	1.46
Q2 2017	NEG	NEG	1.17
Q3 2017	NEG	NEG	1.39
Q4 2017	NEG	NEG	1.75
Q1 2018	NEG	NEG	1.67
Q2 2018	NEG	NEG	1.63
Q3 2018	NEG	NEG	1.36
Q4 2018	NEG	NEG	1.76
Q1 2019	NEG	NEG	2.10
Q2 2019	NEG	NEG	3.40
Q3 2019	NEG	NEG	3.26
Q4 2019	NEG	NEG	2.73
Q1 2020	NEG	NEG	2.66
Q2 2020	NEG	NEG	3.61
Q3 2020	NEG	NEG	7.12
Q4 2020	NEG	NEG	6.91
Q1 2021	NEG	NEG	9.87
Q2 2021	NEG	NEG	16.31
Q3 2021	NEG	NEG	(87.70)
Q4 2021	NEG	NEG	2.59
Q1 2022	NEG	NEG	2.13
Q2 2022	NEG	NEG	1.70
Q3 2022	NEG	NEG	2.03
Q4 2022	NEG	NEG	1.40
Q1 2023	NEG	NEG	1.79
Q2 2023	NEG	NEG	1.95
Q3 2023	NEG	NEG	3.62

Period	P/E	Adjusted P/E	Price/book
2013	27.48	27.48	1.98
2014	31.79	34.92	1.83
2015	17.74	17.74	1.23
2016	NEG	NEG	1.71
2017	NEG	NEG	1.75
2018	NEG	NEG	1.76
2019	NEG	NEG	2.73
2020	NEG	NEG	6.91
2021	NEG	NEG	2.59
2022	NEG	NEG	1.40

Business Segments (Million)

Compared With The

Period	Pipe Manufacturing and technology	Water Management	elimination	Technology
Q1 2014	615.72	81.89	-	-
Q2 2014	700.99	15.88	-	-
Q3 2014	586.18	37.07	-	-
Q4 2014	619.72	68.35	-	-
Q1 2015	664.05	67.31	-	-
Q2 2015	652.32	61.29	-	-
Q3 2015	641.38	78.77	-	-
Q4 2015	626.64	116.87	-	-
Q1 2016	516.75	37.54	-	-
Q2 2016	454.65	54.06	-	-
Q3 2016	-	62.75	-	-
Q4 2016	336.51	22.30	(112.50)	-
Q1 2017	221.56	13.56	(24.98)	-
Q2 2017	190.64	37.53	(15.84)	-
Q3 2017	121.90	40.28	(25.26)	-
Q4 2017	185.99	66.84	(85.95)	-
Q1 2018	191.22	24.73	(15.97)	-
Q2 2018	178.12	41.42	(20.13)	-
Q3 2018	250.65	53.84	(34.90)	-
Q4 2018	202.20	55.58	20.75	-
Q1 2019	211.00	34.71	(12.67)	-
Q2 2019	190.93	(20.23)	(7.12)	-
Q3 2019	153.55	39.06	(6.27)	-
Q4 2019	151.09	52.11	(5.75)	-
Q1 2020	152.84	16.29	(7.09)	-
Q2 2020	74.85	11.91	(3.57)	-
Q3 2020	111.50	10.22	(5.74)	-
Q1 2021	111.72	16.37	(13.53)	-
Q2 2021	82.01	15.56	13.53	-
Q3 2021	114.31	13.65	(31.85)	-
Q4 2021	112.04	15.49	(10.38)	-
Q1 2022	117.35	10.93	(8.76)	-
Q2 2022	115.19	9.84	(3.39)	-
Q3 2022	120.25	9.16	(5.93)	-
Q4 2022	139.23	10.45	(5.49)	-
Q1 2023	194.62	9.64	(6.81)	-
Q2 2023	156.15	14.00	(3.83)	-
Q3 2023	153.51	11.07	(4.02)	-

Period	Pipe Manufacturing and technology	Water Management	elimination	Technology
2013	2,780.19	350.49	-	-
2014	2,522.60	203.19	-	-
2015	2,584.39	324.24	-	-
2016	1,299.87	176.65	(112.50)	-
2017	720.09	158.21	(85.95)	-
2018	822.20	175.56	(50.17)	-
2019	706.57	105.65	(31.81)	-
2020	449.34	19.89	(28.22)	-
2021	420.08	61.07	(42.23)	-
2022	492.02	40.38	(23.58)	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,432.28
Enterprise Value (EV) (M)	1,619.99
Shares Outstanding ((M))	44.55
EPS ( Riyal) (TTM)	10.23
Book Value (BV) ( Riyal)	21.07
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	3.14
Price/book	1.53
Return on Average Assets (%) (TTM)	20.4
Return on Average Equity (%) (TTM)	79.8

Saudi Arabian Amiantit Co. (AMIANTIT)

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.

Amiantit widens 9M 2023 loss to SAR 138.2 mln; Q3 at SAR 130.1 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Saudi Arabian Amiantit Co. (AMIANTIT)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

Amiantit widens 9M 2023 loss to SAR 138.2 mln; Q3 at SAR 130.1 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Saudi Arabian Amiantit Co. (AMIANTIT)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)