{"id":84471,"date":"2024-03-18T00:00:00","date_gmt":"2024-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/"},"modified":"2024-03-18T00:00:00","modified_gmt":"2024-03-18T00:00:00","slug":"still-more-earnings-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/","title":{"rendered":"Still more earnings\u2026"},"content":{"rendered":"

Earnings from the ins. <\/strong>sector<\/strong> are in the spotlight today.<\/strong><\/p>\n

\n

ALLIANZ SF-<\/p>\n

The net income of <\/strong>Allianz Saudi Fransi Cooperative Ins.<\/a><\/strong> rose 4x <\/strong>y-o-y<\/strong> to SAR 37 mn in <\/strong>2023<\/strong>, and revenues were up 17.3% y-o-y to SAR 862.6 mn, it said in a disclosure to Tadawul<\/a>. The ins. provider attributed its top and bottom line growth to better performance in its motor and medical segments.<\/p>\n

\n

ARABIAN SHIELD-<\/p>\n

The net income of <\/strong>Arabian Shield Cooperative Ins.<\/a><\/strong> increased to SAR 65 mn in 2023, up <\/strong>from SAR 406k in 2022<\/strong>, while revenues were up 24.7% y-o-y to SAR 1.1 bn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

\n

SALAMA-<\/p>\n

Salama Cooperative Ins.<\/a><\/strong> turned into the black with a net income of SAR 51 mn in 2023<\/strong>, and revenues increased 34% y-o-y to SAR 802 mn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

\n

FIPCO-<\/p>\n

Filing and Packing Materials Manufacturing<\/a><\/strong>\u2019s net income increased 22.5% <\/strong>y-o-y<\/strong> to SAR <\/strong>12 mn in 2023<\/strong>, while revenues were down 8.7% y-o-y to SAR 238 mn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

\n

SPCC-<\/p>\n

Southern Province Cement<\/a><\/strong>\u2019s net income decreased 35% y-o-y to SAR 195 mn in 2023<\/strong>, and revenues were down 12.4% y-o-y to SAR 1.1 bn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

\n

SAUDI CABLE-<\/p>\n

Tadawul-suspended <\/strong>Saudi Cable<\/strong> turned into the black with a net income of SAR 33.5 mn <\/strong>in 9M 2023<\/strong>, after accumulating net losses worth SAR 117.5 mn in 9M 2022, it said in a disclosure to Tadawul<\/a>. Meanwhile, revenues were down 69% y-o-y to SAR 19 mn. On a quarterly basis, the cable manufacturer\u2019s net losses declined to SAR 4.3k in 3Q 2023, down from SAR 35 mn in 3Q 2022. Its top line was down 42% y-o-y to SAR 3.5 mn in 3Q 2023.<\/p>\n

\n

CHEMANOL-<\/p>\n

Tadawul-listed chemicals manufacturer Chemanol turned into a net loss of SAR 177.8 mn<\/strong>in 2023 due to a drop in average selling prices and sold quantities, it said in a disclosure to Tadawul<\/a> yesterday. Its revenues were down 32.4% y-o-y during the year to SAR 723 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Allianz Saudi Fransi Cooperative | Arabian Shield Cooperative | FIPCO | Salama Cooperative | Southern Province Cement | Saudi Cable | Chemanol<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[2657,285,10,2767,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84471","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-cement","tag-earnings-watch","tag-enterpriseam-ksa","tag-ins","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"295e63ad-38cb-420a-8f53-b42c7e5e31e0","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Still more earnings\u2026","related_issue":[84460],"teaser":"Allianz Saudi Fransi Cooperative | Arabian Shield Cooperative | FIPCO | Salama Cooperative | Southern Province Cement | Saudi Cable | Chemanol","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.77e13f94-74cf-48b8-a1ac-aa1c14abaf5b.mp3"},"yoast_head":"\nStill more earnings\u2026 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Still more earnings\u2026\" \/>\n<meta property=\"og:description\" content=\"Allianz Saudi Fransi Cooperative | Arabian Shield Cooperative | FIPCO | Salama Cooperative | Southern Province Cement | Saudi Cable | Chemanol\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-18T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Still more earnings\u2026\",\"datePublished\":\"2024-03-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\"},\"wordCount\":306,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"keywords\":[\"cement\",\"EARNINGS WATCH\",\"EnterpriseAM KSA\",\"Ins.\",\"manufacturing\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\",\"name\":\"Still more earnings\u2026 - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"datePublished\":\"2024-03-18T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Still more earnings\u2026\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Still more earnings\u2026 - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/","og_locale":"en_US","og_type":"article","og_title":"Still more earnings\u2026","og_description":"Allianz Saudi Fransi Cooperative | Arabian Shield Cooperative | FIPCO | Salama Cooperative | Southern Province Cement | Saudi Cable | Chemanol","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/","og_site_name":"KSA","article_published_time":"2024-03-18T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Still more earnings\u2026","datePublished":"2024-03-18T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/"},"wordCount":306,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"keywords":["cement","EARNINGS WATCH","EnterpriseAM KSA","Ins.","manufacturing"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/","name":"Still more earnings\u2026 - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"datePublished":"2024-03-18T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/18\/still-more-earnings-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Still more earnings\u2026"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=84471"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84471\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/84460"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=84471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=84471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=84471"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=84471"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}