Saudi Industrial Services Co. (SISCO) reported a net profit of SAR 40.7 million for H1 2023, soaring from SAR 3.9 million in the year-ago period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 455.98 | 770.91 | 69.1 % |
| Gross Income | 189.90 | 264.94 | 39.5 % |
| Operating Income | 99.16 | 165.58 | 67.0 % |
| Net Income | 3.91 | 40.68 | 940.1 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.05 | 0.50 | 940.1 % |
Gross profit reached SAR 264.9 million, up 39.5% YoY. Global supply chain disruptions had a significant impact on last year's results, particularly affecting gateway and transshipment volumes in the ports segment.
Additionally, Kindasa revenues were negatively affected due to a temporary decline in production.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 243.43 | 336.01 | 38.0 % |
| Gross Income | 99.69 | 135.84 | 36.3 % |
| Operating Income | 52.72 | 81.70 | 55.0 % |
| Net Income | 3.13 | 21.21 | 577.0 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.04 | 0.26 | 577.0 % |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 434.90 | 336.01 | (22.7 %) |
| Gross Income | 129.10 | 135.84 | 5.2 % |
| Operating Income | 83.88 | 81.70 | (2.6 %) |
| Net Income | 19.40 | 21.21 | 9.3 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.24 | 0.26 | 9.3 % |
In Q2 2023, net profit surged to SAR 21.2 million, compared to SAR 3.13 million a year earlier.
The second-quarter revenue, excluding accounting construction revenue, increased to SAR 261.4 million from SAR 213.2 million in Q2 2022.
Gross profit improved in Q2 2023 to SAR 135.8 million from SAR 99.7 million in Q2 2022.
On a sequential basis, Q2 2023 net profit rose 8.9% from SAR 19.47 million.
Total shareholders’ equity, after minority interest, reached SAR 1.52 billion at the end of H1 2023, compared with SAR 1.45 billion a year earlier.
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}}