Saudi Cable turns to SAR 40.9M profit in Q1 2023

18/01/2024 Argaam Exclusive

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Saudi Cable Co. swung to a net profit of SAR 40.9 million in Q1 2023, from a loss of SAR 37.2 million a year earlier.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2022	Q1 2023	Change‬
Revenues	35.36	11.72	(66.9 %)
Gross Income	(26.74)	(18.08)	32.4 %
Operating Income	(42.07)	4.32	110.3 %
Net Income	(37.16)	40.90	210.1 %
Average Shares	6.67	6.67	-
EPS (Riyals)	(5.57)	6.13	210.1 %

Item	Q4 2022	Q1 2023	Change‬
Revenues	6.41	11.72	82.7 %
Gross Income	(31.23)	(18.08)	42.1 %
Operating Income	(118.06)	4.32	103.7 %
Net Income	(463.90)	40.90	108.8 %
Average Shares	6.67	6.67	-
EPS (Riyals)	(69.52)	6.13	108.8 %

The company's profits increased due to the reversal of the Zakat provision and better-than-expected results from an associate.

This came despite lower revenues for the first quarter due to the suspension of operations and the company undergoing financial refinancing procedures.

Shareholders’ equity, after excluding minority interest, reached (SAR 456.48 million) at the end of Q1 2023, compared to SAR 65.73 million in the year-earlier period.

In addition, the company’s accumulated losses stood at SAR 502.42 million.

Saudi Cable’s management determined five-year forecasts that indicate the firm will report net profit from 2025.

The plan included some assumptions regarding cash injections through the issuance of equity instruments, revenue growth based on future asks and bids, and the next creditor vote in January 2024 to convert a part of the debt into equity in the financial restructuring process. These items are based on future events, and hence contain material uncertainty about their outcome. The company will not modify its conclusion regarding this matter.

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 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	2,447.86	(8.9 %)	70.38	(18.0 %)	(196.33)	(63.4 %)
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 %)

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)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	(229.12)	(46.5 %)	(54.81)	-	(229.12)	(54.81)
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)

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 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	2.88 %	(4.17 %)	(9.36 %)
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 %)

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 %)

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)

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	4.18	(54.81)	(54.81)	161.17
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)

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)

Period	P/E	Adjusted P/E	Price/book
2013	NEG	NEG	2.27
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)

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

Period	Sale of Goods	Contract Revenue
2013	2,073.85	404.60
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

Financial Ratios

	Current
Market Cap (M Riyal)	655.19
Enterprise Value (EV) (M)	754.71
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)	37.52
P/E (TTM)	14.46
Price/book	(1.53)
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 40.9M profit in Q1 2023

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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 Q1

Financial Ratios

Share Price

Saudi Cable Co. (SAUDI CABLE)

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Saudi Cable turns to SAR 40.9M profit in Q1 2023

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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) Q1 2023

Revenue by Business Segment (Latest) 2023 Q1

Financial Ratios

Share Price

Saudi Cable Co. (SAUDI CABLE)

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Business Segments (Million)