Saudi Cable turns to SAR 36.6M profit in 2023; Q4 at SAR 2.4M

05/05/2024 Argaam Exclusive

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Saudi Cable Co. turned a net profit of SAR 36.6 million in 2023, from a net loss of SAR 580.5 million in 2022.

Financials (M)

Item	2022	2023	Change‬
Revenues	68.37	30.68	(55.1 %)
Gross Income	(84.73)	(68.16)	19.6 %
Operating Income	(207.03)	(65.07)	68.6 %
Net Income	(580.48)	36.56	106.3 %
Average Shares	6.67	6.67	-
EPS (Riyals)	(86.99)	5.48	106.3 %

The company recorded a net profit of SAR 66.18 billion from continuing operations, backed by its profit share from an associate, the gains resulting from special settlement with ZATCA, and fair value gains on the reclassification of right-of-use assets to assets held for sale.

Also, the company incurred losses mainly from discontinued activities amounting to SAR -29.62 billion from its Turkish subsidiary.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	6.41	11.62	81.2 %
Gross Income	(31.23)	(17.13)	45.1 %
Operating Income	(118.06)	(25.66)	78.3 %
Net Income	(463.90)	2.36	100.5 %
Average Shares	6.67	6.67	-
EPS (Riyals)	(69.52)	0.35	100.5 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	3.47	11.62	234.6 %
Gross Income	(15.76)	(17.13)	(8.7 %)
Operating Income	(21.99)	(25.66)	(16.7 %)
Net Income	3.72	2.36	(36.7 %)
Average Shares	6.67	6.67	-
EPS (Riyals)	0.56	0.35	(36.7 %)

On the other hand, revenue dropped due to freeze of company’s bank accounts resulting from a liquidity crunch, which led to a suspension of production activities for around eight months and entry into a financial restructuring procedure (FRP).

In Q4 2023, the cable producer swung to a net profit of SAR 2.4 million against a net loss of SAR 880,000 in Q4 2022.

Total shareholders' equity, after minority interest, reached SAR -464.57 million as of March 31, 2024, compared to SAR -496.48 million in the previous year.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	458.56	(31.5 %)	16.35	(66.7 %)	(40.49)	(5,579.2 %)
Q2 2014	434.54	(27.4 %)	0.95	(94.8 %)	(41.82)	65.9 %
Q3 2014	394.66	(36.1 %)	(1.44)	(103.1 %)	(56.25)	(292.3 %)
Q4 2014	404.74	(28.0 %)	(19.28)	(413.7 %)	(62.92)	(7.5 %)
2014	1,716.32	(29.9 %)	6.66	(90.5 %)	(201.49)	(2.6 %)
Q1 2015	498.35	8.7 %	29.34	79.5 %	(15.80)	61.0 %
Q2 2015	475.70	9.5 %	21.25	2127.6 %	(16.63)	60.2 %
Q3 2015	491.63	24.6 %	14.82	1128.4 %	(20.16)	64.2 %
Q4 2015	449.84	11.1 %	(1.25)	93.5 %	(49.48)	21.4 %
2015	1,918.06	11.8 %	68.41	926.6 %	(102.07)	49.3 %
Q1 2016	386.66	(22.4 %)	(13.77)	(146.9 %)	(60.06)	(280.1 %)
Q2 2016	474.84	(0.2 %)	36.89	73.6 %	(11.71)	29.6 %
Q3 2016	348.48	(29.1 %)	15.71	6.0 %	(25.94)	(28.7 %)
Q4 2016	354.57	(21.2 %)	9.61	870.6 %	(34.93)	29.4 %
2016	1,564.56	(18.4 %)	39.35	(42.5 %)	(141.73)	(38.9 %)
Q1 2017	340.07	(12.1 %)	11.72	185.1 %	(22.05)	63.3 %
Q2 2017	351.41	(26.0 %)	10.05	(72.8 %)	(26.91)	(129.8 %)
Q3 2017	314.59	(9.7 %)	17.14	9.1 %	(17.56)	32.3 %
Q4 2017	336.29	(5.2 %)	12.89	34.1 %	(21.38)	38.8 %
2017	1,342.48	(14.2 %)	51.92	31.9 %	(87.91)	38.0 %
Q1 2018	275.07	(19.1 %)	0.15	(98.8 %)	(29.84)	(35.3 %)
Q2 2018	252.03	(28.3 %)	(3.24)	(132.2 %)	(23.75)	11.8 %
Q3 2018	178.97	(43.1 %)	(22.05)	(228.6 %)	(49.19)	(180.1 %)
Q4 2018	158.96	(52.7 %)	(70.73)	(648.8 %)	(105.35)	(392.8 %)
2018	865.02	(35.6 %)	(95.87)	(284.6 %)	(208.13)	(136.8 %)
Q1 2019	102.46	(62.8 %)	(9.00)	(6304.1 %)	(26.69)	10.6 %
Q2 2019	90.58	(64.1 %)	(12.07)	(273.0 %)	(37.03)	(55.9 %)
Q3 2019	81.63	(54.4 %)	(1.66)	92.5 %	(22.09)	55.1 %
Q4 2019	106.61	(32.9 %)	(12.45)	82.4 %	(21.60)	79.5 %
2019	381.27	(55.9 %)	(35.18)	63.3 %	(107.40)	48.4 %
Q1 2020	59.53	(41.9 %)	(17.31)	(92.4 %)	(37.95)	(42.2 %)
Q2 2020	145.18	60.3 %	(6.74)	44.2 %	(25.14)	32.1 %
Q3 2020	92.61	13.5 %	(13.28)	(700.6 %)	(42.76)	(93.6 %)
Q4 2020	71.46	(33.0 %)	(20.34)	(63.4 %)	(63.97)	(196.1 %)
2020	368.78	(3.3 %)	(57.66)	(63.9 %)	(169.81)	(58.1 %)
Q1 2021	63.86	7.3 %	(17.26)	0.3 %	(36.83)	2.9 %
Q2 2021	41.35	(71.5 %)	(20.97)	(211.1 %)	(31.50)	(25.3 %)
Q3 2021	23.50	(74.6 %)	(24.22)	(82.4 %)	(43.24)	(1.1 %)
Q4 2021	31.85	(55.4 %)	(14.18)	30.3 %	(32.64)	49.0 %
2021	160.55	(56.5 %)	(76.63)	(32.9 %)	(144.22)	15.1 %
Q1 2022	35.36	(44.6 %)	(26.74)	(54.9 %)	(42.07)	(14.2 %)
Q2 2022	25.03	(39.5 %)	(18.31)	12.7 %	(36.06)	(14.5 %)
Q3 2022	6.01	(74.4 %)	(20.14)	16.9 %	(28.12)	35.0 %
Q4 2022	6.41	(79.9 %)	(31.23)	(120.2 %)	(118.06)	(261.7 %)
2022	68.37	(57.4 %)	(84.73)	(10.6 %)	(207.03)	(43.6 %)
Q1 2023	11.72	(66.9 %)	(18.08)	32.4 %	4.32	110.3 %
Q2 2023	3.87	(84.5 %)	(17.19)	6.1 %	(21.74)	39.7 %
Q3 2023	3.47	(42.2 %)	(15.76)	21.7 %	(21.99)	21.8 %
Q4 2023	11.62	81.2 %	(17.13)	45.1 %	(25.66)	78.3 %
2023	30.68	(55.1 %)	(68.16)	19.6 %	(65.07)	68.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,716.32	(29.9 %)	6.66	(90.5 %)	(201.49)	(2.6 %)
2015	1,918.06	11.8 %	68.41	926.6 %	(102.07)	49.3 %
2016	1,564.56	(18.4 %)	39.35	(42.5 %)	(141.73)	(38.9 %)
2017	1,342.48	(14.2 %)	51.92	31.9 %	(87.91)	38.0 %
2018	865.02	(35.6 %)	(95.87)	(284.6 %)	(208.13)	(136.8 %)
2019	381.27	(55.9 %)	(35.18)	63.3 %	(107.40)	48.4 %
2020	368.78	(3.3 %)	(57.66)	(63.9 %)	(169.81)	(58.1 %)
2021	160.55	(56.5 %)	(76.63)	(32.9 %)	(144.22)	15.1 %
2022	68.37	(57.4 %)	(84.73)	(10.6 %)	(207.03)	(43.6 %)
2023	30.68	(55.1 %)	(68.16)	19.6 %	(65.07)	68.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	(41.13)	(166.9 %)	(9.84)	-	(41.13)	(9.84)
Q2 2014	(50.57)	61.6 %	(12.10)	-	(50.57)	(12.10)
Q3 2014	(50.05)	(522.6 %)	(11.97)	-	(50.05)	(11.97)
Q4 2014	(59.94)	18.9 %	(14.34)	(12.34)	(47.60)	(11.39)
2014	(201.68)	12.0 %	(48.25)	(12.34)	(189.34)	(45.30)
Q1 2015	(7.94)	80.7 %	(1.90)	-	(7.94)	(1.90)
Q2 2015	0.88	101.7 %	0.21	18.61	(17.73)	(4.24)
Q3 2015	(2.85)	94.3 %	(0.68)	21.45	(24.30)	(5.81)
Q4 2015	11.60	119.4 %	2.78	62.39	(50.79)	(12.15)
2015	1.69	100.8 %	0.40	102.45	(100.76)	(24.11)
Q1 2016	(58.66)	(638.6 %)	(14.03)	-	(58.66)	(14.03)
Q2 2016	(18.21)	(2167.3 %)	(4.36)	-	(18.21)	(4.36)
Q3 2016	4.87	270.7 %	1.17	41.47	(36.60)	(8.76)
Q4 2016	(154.30)	(1430.0 %)	(36.91)	(111.93)	(42.37)	(10.14)
2016	(235.39)	(14053.3 %)	(56.31)	(70.46)	(164.94)	(39.46)
Q1 2017	(23.65)	59.7 %	(5.66)	-	(23.65)	(5.66)
Q2 2017	39.38	316.2 %	9.42	77.00	(37.62)	(9.00)
Q3 2017	(34.49)	(808.1 %)	(8.25)	-	(34.49)	(8.25)
Q4 2017	(61.54)	60.1 %	(14.72)	-	(61.54)	(14.72)
2017	(80.31)	65.9 %	(19.21)	77.00	(157.31)	(37.63)
Q1 2018	(20.72)	12.4 %	(4.96)	24.99	(45.70)	(10.93)
Q2 2018	(97.24)	(346.9 %)	(23.26)	-	(97.24)	(23.26)
Q3 2018	(15.71)	54.5 %	(3.76)	47.56	(63.27)	(15.14)
Q4 2018	70.72	214.9 %	16.92	203.56	(132.84)	(31.78)
2018	(62.95)	21.6 %	(15.06)	276.11	(339.06)	(81.11)
Q1 2019	(32.10)	(54.9 %)	(7.68)	-	(32.10)	(7.68)
Q2 2019	(18.32)	81.2 %	(4.38)	-	(18.32)	(4.38)
Q3 2019	(23.79)	(51.4 %)	(5.69)	-	(23.79)	(5.69)
Q4 2019	12.38	(82.5 %)	2.96	17.61	(5.23)	(1.25)
2019	(61.83)	1.8 %	(14.79)	17.61	(79.44)	(19.00)
Q1 2020	(43.20)	(34.6 %)	(6.47)	-	(43.20)	(6.47)
Q2 2020	(16.58)	9.5 %	(2.48)	-	(16.58)	(2.48)
Q3 2020	51.41	316.1 %	7.70	89.74	(38.34)	(5.75)
Q4 2020	(46.64)	(476.9 %)	(6.99)	-	(46.64)	(6.99)
2020	(55.01)	11.0 %	(8.24)	89.74	(144.76)	(21.69)
Q1 2021	(35.88)	16.9 %	(5.38)	-	(35.88)	(5.38)
Q2 2021	(19.19)	(15.7 %)	(2.88)	-	(19.19)	(2.88)
Q3 2021	(46.56)	(190.6 %)	(6.98)	-	(46.56)	(6.98)
Q4 2021	(92.68)	(98.7 %)	(13.89)	-	(92.68)	(13.89)
2021	(194.31)	(253.2 %)	(29.12)	-	(194.31)	(29.12)
Q1 2022	(37.16)	(3.5 %)	(5.57)	-	(37.16)	(5.57)
Q2 2022	(44.49)	(131.9 %)	(6.67)	-	(44.49)	(6.67)
Q3 2022	(34.93)	25.0 %	(5.23)	-	(34.93)	(5.23)
Q4 2022	(463.90)	(400.5 %)	(69.52)	(67.09)	(396.82)	(59.47)
2022	(580.48)	(198.7 %)	(86.99)	(67.09)	(513.39)	(76.94)
Q1 2023	40.90	210.1 %	6.13	41.01	(0.11)	(0.02)
Q2 2023	(6.83)	84.7 %	(1.02)	(11.46)	4.63	0.69
Q3 2023	3.72	110.7 %	0.56	(1.25)	4.98	0.75
Q4 2023	2.36	100.5 %	0.35	27.86	(25.50)	(3.82)
2023	36.56	106.3 %	5.48	56.16	(19.60)	(2.94)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	(201.68)	12.0 %	(48.25)	(12.34)	(189.34)	(45.30)
2015	1.69	100.8 %	0.40	102.45	(100.76)	(24.11)
2016	(235.39)	(14053.3 %)	(56.31)	(70.46)	(164.94)	(39.46)
2017	(80.31)	65.9 %	(19.21)	77.00	(157.31)	(37.63)
2018	(62.95)	21.6 %	(15.06)	276.11	(339.06)	(81.11)
2019	(61.83)	1.8 %	(14.79)	17.61	(79.44)	(19.00)
2020	(55.01)	11.0 %	(8.24)	89.74	(144.76)	(21.69)
2021	(194.31)	(253.2 %)	(29.12)	-	(194.31)	(29.12)
2022	(580.48)	(198.7 %)	(86.99)	(67.09)	(513.39)	(76.94)
2023	36.56	106.3 %	5.48	56.16	(19.60)	(2.94)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	3.45 %	(6.29 %)	(11.39 %)
Q2 2014	2.88 %	(3.14 %)	(8.38 %)
Q3 2014	0.65 %	(5.47 %)	(11.66 %)
Q4 2014	(0.20 %)	(6.24 %)	(11.19 %)
2014	0.39 %	(6.16 %)	(11.03 %)
Q1 2015	0.55 %	(4.80 %)	(9.01 %)
Q2 2015	1.68 %	(2.83 %)	(6.95 %)
Q3 2015	2.47 %	(1.15 %)	(5.22 %)
Q4 2015	3.35 %	(0.50 %)	(5.26 %)
2015	3.57 %	(0.50 %)	(5.25 %)
Q1 2016	1.17 %	(2.50 %)	(8.40 %)
Q2 2016	2.04 %	(1.67 %)	(8.43 %)
Q3 2016	2.26 %	(1.96 %)	(9.90 %)
Q4 2016	3.10 %	(0.86 %)	(9.96 %)
2016	2.52 %	(1.44 %)	(10.54 %)
Q1 2017	4.87 %	1.51 %	(7.96 %)
Q2 2017	3.38 %	0.28 %	(10.06 %)
Q3 2017	3.57 %	0.50 %	(10.15 %)
Q4 2017	3.86 %	0.70 %	(11.72 %)
2017	3.87 %	0.70 %	(11.72 %)
Q1 2018	3.15 %	(0.67 %)	(14.04 %)
Q2 2018	2.29 %	(1.13 %)	(20.29 %)
Q3 2018	(1.18 %)	(5.13 %)	(25.69 %)
Q4 2018	(11.08 %)	(18.24 %)	(39.20 %)
2018	(11.08 %)	(18.24 %)	(39.20 %)
Q1 2019	(15.17 %)	(23.90 %)	(47.00 %)
Q2 2019	(21.44 %)	(35.73 %)	(46.43 %)
Q3 2019	(21.55 %)	(39.33 %)	(47.75 %)
Q4 2019	(9.23 %)	(19.05 %)	(20.83 %)
2019	(9.23 %)	(19.05 %)	(20.83 %)
Q1 2020	(12.85 %)	(24.76 %)	(26.76 %)
Q2 2020	(9.71 %)	(18.37 %)	(22.60 %)
Q3 2020	(12.32 %)	(22.44 %)	(25.59 %)
Q4 2020	(15.64 %)	(35.68 %)	(39.25 %)
2020	(15.64 %)	(35.68 %)	(39.25 %)
Q1 2021	(15.44 %)	(35.14 %)	(36.84 %)
Q2 2021	(26.68 %)	(51.05 %)	(52.01 %)
Q3 2021	(41.36 %)	(70.09 %)	(74.07 %)
Q4 2021	(47.73 %)	(68.42 %)	(121.02 %)
2021	(47.73 %)	(68.42 %)	(121.02 %)
Q1 2022	(65.20 %)	(88.46 %)	(148.11 %)
Q2 2022	(72.10 %)	(106.10 %)	(190.86 %)
Q3 2022	(80.78 %)	(111.16 %)	(213.00 %)
Q4 2022	(132.42 %)	(273.12 %)	(705.13 %)
2022	(123.93 %)	(265.59 %)	(750.92 %)
Q1 2023	(178.48 %)	(311.84 %)	(968.85 %)
Q2 2023	(309.27 %)	(503.43 %)	(1525.10 %)
Q3 2023	(322.93 %)	(549.54 %)	(1520.51 %)
Q4 2023	(222.19 %)	(149.38 %)	(52.18 %)
2023	(222.19 %)	(149.38 %)	(63.89 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	0.39 %	(6.16 %)	(11.03 %)
2015	3.57 %	(0.50 %)	(5.25 %)
2016	2.52 %	(1.44 %)	(10.54 %)
2017	3.87 %	0.70 %	(11.72 %)
2018	(11.08 %)	(18.24 %)	(39.20 %)
2019	(9.23 %)	(19.05 %)	(20.83 %)
2020	(15.64 %)	(35.68 %)	(39.25 %)
2021	(47.73 %)	(68.42 %)	(121.02 %)
2022	(123.93 %)	(265.59 %)	(750.92 %)
2023	(222.19 %)	(149.38 %)	(63.89 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	3.56 %	(3.39 %)	(8.97 %)
Q2 2014	0.22 %	(6.33 %)	(11.64 %)
Q3 2014	(0.37 %)	(5.51 %)	(12.68 %)
Q4 2014	(4.76 %)	(10.09 %)	(11.76 %)
Q1 2015	5.89 %	1.41 %	(1.59 %)
Q2 2015	4.47 %	1.15 %	(3.73 %)
Q3 2015	3.01 %	1.41 %	(4.94 %)
Q4 2015	(0.28 %)	(6.43 %)	(11.29 %)
Q1 2016	(3.56 %)	(7.39 %)	(15.17 %)
Q2 2016	7.77 %	4.33 %	(3.84 %)
Q3 2016	4.51 %	1.27 %	(10.50 %)
Q4 2016	2.71 %	(2.77 %)	(11.95 %)
Q1 2017	3.45 %	2.31 %	(6.96 %)
Q2 2017	2.86 %	0.41 %	(10.71 %)
Q3 2017	5.45 %	2.34 %	(10.96 %)
Q4 2017	3.83 %	(2.17 %)	(18.30 %)
Q1 2018	0.05 %	(3.64 %)	(16.62 %)
Q2 2018	(1.28 %)	(1.34 %)	(38.58 %)
Q3 2018	(12.32 %)	(18.32 %)	(35.35 %)
Q4 2018	(44.49 %)	(70.23 %)	(83.57 %)
Q1 2019	(8.78 %)	(17.27 %)	(31.33 %)
Q2 2019	(13.33 %)	(30.50 %)	(20.22 %)
Q3 2019	(2.03 %)	(16.66 %)	(29.15 %)
Q4 2019	(11.68 %)	(12.88 %)	(4.91 %)
Q1 2020	(29.07 %)	(48.44 %)	(72.56 %)
Q2 2020	(4.64 %)	(11.04 %)	(11.42 %)
Q3 2020	(14.34 %)	(34.62 %)	(41.40 %)
Q4 2020	(28.46 %)	(76.51 %)	(65.27 %)
Q1 2021	(27.03 %)	(44.38 %)	(56.19 %)
Q2 2021	(50.70 %)	(54.17 %)	(46.40 %)
Q3 2021	(103.08 %)	(148.45 %)	(198.11 %)
Q4 2021	(44.52 %)	(76.07 %)	(291.01 %)
Q1 2022	(75.62 %)	(99.85 %)	(105.09 %)
Q2 2022	(73.16 %)	(113.38 %)	(177.77 %)
Q3 2022	(334.93 %)	(354.29 %)	(580.97 %)
Q4 2022	(486.96 %)	(1775.66 %)	(6187.68 %)
Q1 2023	(154.33 %)	87.31 %	(0.94 %)
Q2 2023	(443.84 %)	(415.18 %)	119.52 %
Q3 2023	(453.95 %)	(583.50 %)	143.35 %
Q4 2023	(147.46 %)	(169.70 %)	(219.51 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	4.18	(60.96)	(60.96)	138.77
Q2 2014	4.18	(41.54)	(41.54)	136.46
Q3 2014	4.18	(51.59)	(51.59)	121.79
Q4 2014	4.18	(48.25)	(45.30)	102.81
Q1 2015	4.18	(40.31)	(37.36)	101.26
Q2 2015	4.18	(28.00)	(29.50)	103.53
Q3 2015	4.18	(16.71)	(23.34)	99.73
Q4 2015	4.18	0.40	(24.11)	104.06
Q1 2016	4.18	(11.73)	(36.24)	95.36
Q2 2016	4.18	(16.30)	(36.36)	88.43
Q3 2016	4.18	(14.45)	(39.30)	92.92
Q4 2016	4.18	(54.14)	(37.28)	71.68
Q1 2017	4.18	(45.76)	(28.91)	64.29
Q2 2017	4.18	(31.99)	(33.55)	74.42
Q3 2017	4.18	(41.40)	(33.05)	67.25
Q4 2017	4.18	(19.21)	(37.63)	50.20
Q1 2018	4.18	(18.51)	(42.91)	49.24
Q2 2018	4.18	(51.19)	(57.17)	24.57
Q3 2018	4.18	(46.70)	(64.06)	21.02
Q4 2018	4.18	(15.06)	(81.11)	38.79
Q1 2019	4.18	(17.78)	(77.86)	31.60
Q2 2019	4.18	1.10	(58.98)	26.42
Q3 2019	4.18	(0.83)	(49.53)	21.41
Q4 2019	4.18	(14.79)	(19.00)	22.56
Q1 2020	6.67	(10.93)	(13.57)	44.54
Q2 2020	6.67	(10.67)	(13.31)	43.91
Q3 2020	6.67	0.60	(15.49)	51.12
Q4 2020	6.67	(8.24)	(21.69)	43.26
Q1 2021	6.67	(7.15)	(20.60)	37.73
Q2 2021	6.67	(7.54)	(20.99)	33.67
Q3 2021	6.67	(22.22)	(22.22)	26.42
Q4 2021	6.67	(29.12)	(29.12)	12.56
Q1 2022	6.67	(29.31)	(29.31)	9.85
Q2 2022	6.67	(33.10)	(33.10)	(2.72)
Q3 2022	6.67	(31.36)	(31.36)	(7.10)
Q4 2022	6.67	(86.99)	(76.94)	(74.40)
Q1 2023	6.67	(75.29)	(71.38)	(68.41)
Q2 2023	6.67	(69.65)	(64.02)	(71.08)
Q3 2023	6.67	(63.86)	(58.04)	(65.46)
Q4 2023	6.67	6.02	(2.40)	(72.43)

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	4.18	(48.25)	(45.30)	102.81
2015	4.18	0.40	(24.11)	104.06
2016	4.18	(56.31)	(39.46)	71.68
2017	4.18	(19.21)	(37.63)	50.20
2018	4.18	(15.06)	(81.11)	38.79
2019	4.18	(14.79)	(19.00)	22.56
2020	6.67	(8.24)	(21.69)	43.26
2021	6.67	(29.12)	(29.12)	12.56
2022	6.67	(86.99)	(76.94)	(74.40)
2023	6.67	5.48	(2.94)	(72.43)

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	NEG	NEG	2.61
Q2 2014	NEG	NEG	2.61
Q3 2014	NEG	NEG	3.15
Q4 2014	NEG	NEG	2.61
Q1 2015	NEG	NEG	2.89
Q2 2015	NEG	NEG	2.49
Q3 2015	NEG	NEG	2.21
Q4 2015	More than 100	NEG	2.14
Q1 2016	NEG	NEG	2.13
Q2 2016	NEG	NEG	2.18
Q3 2016	NEG	NEG	1.44
Q4 2016	NEG	NEG	2.46
Q1 2017	NEG	NEG	2.59
Q2 2017	NEG	NEG	2.24
Q3 2017	NEG	NEG	2.48
Q4 2017	NEG	NEG	3.32
Q1 2018	NEG	NEG	3.39
Q2 2018	NEG	NEG	5.28
Q3 2018	NEG	NEG	4.73
Q4 2018	NEG	NEG	4.16
Q1 2019	NEG	NEG	5.72
Q2 2019	More than 100	NEG	5.92
Q3 2019	NEG	NEG	6.98
Q4 2019	NEG	NEG	7.10
Q1 2020	NEG	NEG	1.27
Q2 2020	NEG	NEG	1.65
Q3 2020	More than 100	NEG	2.24
Q4 2020	NEG	NEG	3.72
Q1 2021	NEG	NEG	4.28
Q2 2021	NEG	NEG	4.85
Q3 2021	NEG	NEG	5.54
Q4 2021	NEG	NEG	8.40
Q1 2022	NEG	NEG	8.03
Q2 2022	NEG	NEG	(21.06)
Q3 2022	NEG	NEG	(8.05)
Q4 2022	NEG	NEG	(0.77)
Q1 2023	NEG	NEG	(0.84)
Q2 2023	NEG	NEG	(0.80)
Q3 2023	NEG	NEG	(0.87)
Q4 2023	9.51	NEG	(0.79)

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	2.61
2015	More than 100	NEG	2.14
2016	NEG	NEG	2.46
2017	NEG	NEG	3.32
2018	NEG	NEG	4.16
2019	NEG	NEG	7.10
2020	NEG	NEG	3.72
2021	NEG	NEG	8.40
2022	NEG	NEG	(0.77)
2023	10.44	NEG	(0.79)

Business Segments (Million)

Compared With The

Period	Sale of Goods	Contract Revenue
Q1 2014	393.31	65.25
Q2 2014	414.10	20.45
Q3 2014	348.65	46.01
Q4 2014	407.12	21.44
Q1 2015	472.24	26.11
Q2 2015	461.29	14.41
Q3 2015	480.09	11.54
Q4 2015	422.83	38.96
Q1 2016	379.92	6.75
Q2 2016	444.91	29.93
Q3 2016	330.89	17.60
Q4 2016	324.95	67.48
Q1 2017	325.31	14.88
Q2 2017	332.95	18.46
Q3 2017	291.99	22.59
Q4 2017	293.43	42.86
Q1 2018	261.76	13.30
Q2 2018	232.45	19.58
Q3 2018	166.50	12.47
Q4 2018	140.51	18.44
Q1 2019	93.48	8.98
Q2 2019	70.23	20.35
Q3 2019	52.77	28.86
Q1 2020	41.57	17.97
Q2 2020	133.48	11.70
Q3 2020	75.65	16.96
Q4 2020	59.87	11.58
Q1 2021	60.12	3.73
Q2 2021	37.63	3.72
Q3 2021	19.75	3.75
Q4 2021	25.61	6.24
Q1 2022	29.72	5.63
Q2 2022	13.44	11.59
Q3 2022	4.83	1.30
Q1 2023	5.91	5.81
Q2 2023	2.07	1.80
Q3 2023	2.32	1.16
Q4 2023	7.69	3.93

Period	Sale of Goods	Contract Revenue
2014	1,563.18	153.14
2015	1,827.03	91.03
2016	1,480.65	83.90
2017	1,243.68	98.80
2018	801.22	63.80
2019	329.26	52.02
2020	310.57	58.21
2021	143.11	17.44
2022	49.27	23.66
2023	17.99	12.69

Financial Ratios

	Current
Market Cap (M Riyal)	606.48
Enterprise Value (EV) (M)	706.00
Shares Outstanding ((M))	6.67
EPS ( Riyal) (TTM)	6.79
Book Value (BV) ( Riyal)	(64.15)
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	34.73
P/E (TTM)	13.38
Price/book	(1.42)
Return on Average Assets (%) (TTM)	6.7
Return on Average Equity (%) (TTM)	-

Saudi Cable Co. (SAUDI CABLE)

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Saudi Cable turns to SAR 36.6M profit in 2023; Q4 at SAR 2.4M

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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 Q4

Financial Ratios

Share Price

Saudi Cable Co. (SAUDI CABLE)

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Saudi Cable turns to SAR 36.6M profit in 2023; Q4 at SAR 2.4M

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) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Saudi Cable Co. (SAUDI CABLE)

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Business Segments (Million)