A total of 17 Tadawul-listed companies disclosed their 2023 financial results last week, including SABIC, ACWA Power and Maaden.
Eight market players reported a profit rise, other eight reported a decline, while one only incurred losses, as follows:
Financial Results of Announced Companies (Million Riyal)
| Company | 2022 | 2023 | Change | Earnings per share | Details | Charts |
|---|---|---|---|---|---|---|
|
NAQI |
48.71 | 42.95 | (11.82 %) | 2.15 | Details | Charts |
|
UACC |
22.99 | 3.95 | (82.81 %) | 0.07 | Details | Charts |
|
ALRAJHI TAKAFUL |
72.39 | 328.06 | 353.18 % | 3.28 | Details | Charts |
|
ALSAIF GALLERY |
129.77 | 98.19 | (24.34 %) | 0.28 | Details | Charts |
|
ACWA POWER |
1,540.04 | 1,661.71 | 7.90 % | 2.27 | Details | Charts |
|
OASIS |
15.74 | 33.87 | 115.22 % | 1.51 | Details | Charts |
|
RETAL |
245.74 | 202.35 | (17.66 %) | 0.40 | Details | Charts |
|
LUBEREF |
1,978.08 | 1,509.61 | (23.68 %) | 8.95 | Details | Charts |
|
ASTRA INDUSTRIAL |
474.32 | 475.33 | 0.21 % | 5.94 | Details | Charts |
|
SHAKER |
32.83 | 65.43 | 99.28 % | 1.36 | Details | Charts |
|
SABIC |
16,529.72 | (2,770.00) | (116.76 %) | (0.92) | Details | Charts |
|
CARE |
170.08 | 240.93 | 41.66 % | 5.37 | Details | Charts |
|
MAADEN |
9,319.05 | 1,577.33 | (83.07 %) | 0.43 | Details | Charts |
|
SABIC AGRI-NUTRIENTS |
10,037.00 | 3,659.00 | (63.54 %) | 7.69 | Details | Charts |
|
AMLAK |
96.72 | 31.81 | (67.12 %) | – | Details | Charts |
|
HCC |
16.41 | 24.61 | 49.95 % | 0.25 | Details | Charts |
|
SSP |
54.00 | 173.05 | 220.47 % | 3.39 | Details | Charts |
The official deadline for the 2023 earnings season falls on March 31.
Distribution of Financial Results of Announced companies by sector
| Sector | Number of sector companies | No. of disclosing companies | Companies with growth in income | Companies with a decreasing income | Companies incurring losses |
|---|---|---|---|---|---|
| Banks | 10 | 10 | 8 | 2 | – |
| Petrochemical Industries | 12 | 6 | – | 3 | 3 |
| Cement | 15 | 5 | 2 | 3 | – |
| Retail | 34 | 11 | 6 | 5 | – |
| Energy & Utilities | 9 | 2 | 1 | 1 | – |
| Electricity | 1 | – | – | – | – |
| Agriculture and Food Industries | 20 | 7 | 5 | 2 | – |
| Telecom & IT | 9 | 3 | 3 | – | – |
| Health care | 2 | – | – | – | – |
| Insurance | 26 | – | – | – | – |
| Multi-Investment | 7 | – | – | – | – |
| Industrial investment | 17 | 4 | 3 | 1 | – |
| Building & Construction | 17 | 2 | 1 | – | 1 |
| Real Estate Development | 12 | 1 | – | 1 | – |
| Transportation | 8 | 1 | 1 | – | – |
| Media and Publishing | 6 | – | – | – | – |
| Hotels & Tourism | 3 | – | – | – | – |
| Industry | 1 | – | – | – | – |
| REITS | 18 | – | – | – | – |
| Services | 6 | – | – | – | – |
| Derivatives | 4 | – | – | – | – |
| Index Funds | 11 | – | – | – | – |
| Total | 248 | 52 | 30 | 18 | 4 |
The consolidated profit of the companies that disclosed their results fell by around 20% to SAR 102.3 billion compared to a year earlier:
Accumulative Results –Net Income Sector Statistics
| Sector | Number of sector companies | No. of disclosing companies | 2022 | 2023 | Change |
|---|---|---|---|---|---|
|
Banks |
10 | 10 | 62,521.75 | 69,962.31 | 11.90 % |
|
Petrochemical Industries |
12 | 6 | 26,308.92 | (1,449.36) | (105.51 %) |
|
Cement |
15 | 5 | 640.72 | 556.79 | (13.10 %) |
|
Retail |
34 | 11 | 5,167.16 | 5,045.61 | (2.35 %) |
|
Energy & Utilities |
9 | 2 | 3,518.12 | 3,171.32 | (9.86 %) |
|
Electricity |
1 | – | – | – | – |
|
Agriculture and Food Industries |
20 | 7 | 3,809.22 | 4,350.65 | 14.21 % |
|
Telecom & IT |
9 | 3 | 14,880.35 | 16,719.53 | 12.36 % |
|
Health care |
2 | – | – | – | – |
|
Insurance |
26 | – | – | – | – |
|
Multi-Investment |
7 | – | – | – | – |
|
Industrial investment |
17 | 4 | 9,841.94 | 2,151.95 | (78.13 %) |
|
Building & Construction |
17 | 2 | 45.22 | (1.60) | (103.55 %) |
|
Real Estate Development |
12 | 1 | 245.74 | 202.35 | (17.66 %) |
|
Transportation |
8 | 1 | 1,040.91 | 1,613.43 | 55.00 % |
|
Media and Publishing |
6 | – | – | – | – |
|
Hotels & Tourism |
3 | – | – | – | – |
|
Industry |
1 | – | – | – | – |
|
REITS |
18 | – | – | – | – |
|
Services |
6 | – | – | – | – |
|
Derivatives |
4 | – | – | – | – |
|
Index Funds |
11 | – | – | – | – |
|
Total |
248 | 52 | 128,020.04 | 102,322.98 | (20.07 %) |