Ash-Sharqiyah Development Co.’s widened Q1 2023 net loss to SAR 813,000, from SAR 601,000 in the year-earlier period.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Operating Income | (0.88) | (0.79) | 9.9 % |
| Net Income | (0.60) | (0.81) | (35.3 %) |
| Average Shares | 19.66 | 19.66 | - |
| EPS (Riyals) | (0.03) | (0.04) | (35.3 %) |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Operating Income | (0.87) | (0.79) | 8.6 % |
| Net Income | (1.46) | (0.81) | 44.1 % |
| Average Shares | 19.66 | 19.66 | - |
| EPS (Riyals) | (0.07) | (0.04) | 44.1 % |
A year earlier, the company recorded revenue from a judicial settlement, which led to a noticeable increase in losses for this quarter compared to Q1 2022.
The company narrowed net losses by 44.1% from SAR 1.46 million in Q4 2022, as the company reduced financing costs from SAR 653,643 to SAR 82,656 in the current quarter.
Shareholders’ equity, no minority interest, declined to SAR 138.37 million as of March 31, 2023, from SAR 142.06 million in the year-earlier period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}