National Building and Marketing Co. (NBM) reported a net profit of SAR 46.8 million in 2022, a drop of 36% from SAR 73.4 million in the year-earlier period.
Item | 2021 | 2022 | Change |
---|---|---|---|
Revenues | 678.42 | 652.19 | (3.9 %) |
Gross Income | 95.95 | 70.17 | (26.9 %) |
Operating Income | 80.00 | 48.43 | (39.5 %) |
Net Income | 73.40 | 38.74 | (47.2 %) |
Average Shares | 12.00 | 12.00 | - |
EPS (Riyals) | 6.12 | 3.23 | (47.2 %) |
Earnings were impacted by lower profits from the steel division on decreased selling prices. This is in addition to a year-on-year (YoY) decline in sales from the construction segment from SAR 270 million to SAR 160 million.
Item | Q4 2021 | Q4 2022 | Change |
---|---|---|---|
Revenues | 216.78 | 165.25 | (23.8 %) |
Gross Income | 26.59 | 0.54 | (98.0 %) |
Operating Income | 23.13 | (6.00) | (126.0 %) |
Net Income | 20.18 | (11.51) | (157.0 %) |
Average Shares | 12.00 | 12.00 | - |
EPS (Riyals) | 1.68 | (0.96) | (157.0 %) |
Item | Q3 2022 | Q4 2022 | Change |
---|---|---|---|
Revenues | 148.05 | 165.25 | 11.6 % |
Gross Income | 25.89 | 0.54 | (97.9 %) |
Operating Income | 20.69 | (6.00) | (129.0 %) |
Net Income | 18.35 | (11.51) | (162.7 %) |
Average Shares | 12.00 | 12.00 | - |
EPS (Riyals) | 1.53 | (0.96) | (162.7 %) |
Q4 2022 net loss amounted to SAR 3.41 million, versus a net profit of SAR 20.18 million in the year-earlier period.
On a quarterly basis, NBM turned to losses from a net profit of SAR 18.35 million in Q3 2022.
Total shareholders’ equity, excluding minority interest, stood at SAR 273.36 million as of Dec. 31, 2022, compared to SAR 228.00 million a year ago.
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}}