{"id":84517,"date":"2024-03-19T00:00:00","date_gmt":"2024-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/will-flood-of-earnings-reports-never-end\/"},"modified":"2024-03-19T00:00:00","modified_gmt":"2024-03-19T00:00:00","slug":"will-flood-of-earnings-reports-never-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/will-flood-of-earnings-reports-never-end\/","title":{"rendered":"Will flood of earnings reports never end?"},"content":{"rendered":"

Earnings news from mining, healthcare, and ins. sectors.<\/strong><\/p>\n

\n

NAHDI-<\/p>\n

Nahdi Medical<\/a><\/strong>\u2019s net income remained basically unchanged, inching up 0.5% <\/strong>y-o-y<\/strong> to SAR <\/strong>892.6 mn in 2023<\/strong>, while revenues inched up 1% y-o-y to SAR 8.7 bn, it said in an earnings release (pdf)<\/a>. The company\u2019s BoD decided to distribute SAR 390 mn in dividends for 2H 2023 at SAR 3 per share, it said in a disclosure to Tadawul<\/a>. Eligible shareholders can cash out on Tuesday, 2 April.<\/p>\n

\n

\n

ARABIAN DRILLING-<\/p>\n

Arabian Drilling<\/a><\/strong>\u2019s net income increased 8% y-o-y to SAR 605 mn in 2023<\/strong>, and revenues were up 29% y-o-y to a record high of SAR 3.5 bn on the back of higher rig activity and improved utilization rate, it said in an earnings release (pdf)<\/a>. The company\u2019s BoD approved a dividend payout of SAR 225 mn for 2H 2023 at SAR 2.53 per share to be distributed on Tuesday, 2 April, it said in a disclosure to Tadawul<\/a>. <\/p>\n

\n

ENAYA-<\/p>\n

Saudi Enaya Cooperative Ins.<\/a><\/strong> turned into the black with a net income of SAR 20 mn in <\/strong>2023, after accumulating net losses worth SAR 6 mn in the previous year<\/strong>, it said in a disclosure to Tadawul<\/a>. Meanwhile, revenues were up 10.6% y-o-y to SAR 251 mn in 2023.<\/p>\n

\n

SARCO-<\/p>\n

Saudi Arabia Refineries<\/a><\/strong>\u2019 net income fell 73% y-o-y to SAR 7.7 mn in 2023<\/strong>, and revenues were down 54.6% y-o-y to SAR 15.6 mn, it said in a disclosure to Tadawul<\/a>. The refinery company attributed fall in revenues to higher dividend payouts which amounted to SAR 15 mn last year.<\/p>\n

\n

CHUBB-<\/p>\n

The net income of <\/strong>CHUBB Arabia Cooperative Ins.<\/a><\/strong> increased 2x y-o-y to SAR 24.8 mn in <\/strong>2023,<\/strong> and revenues were up 10% y-o-y to SAR 329 mn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

\n

UNITED MINING-<\/p>\n

United Mining Industries<\/a><\/strong>\u2019 net income increased 12% y-o-y to SAR 35.8 mn in 2023<\/strong>, while revenues dipped 0.6% y-o-y to SAR 240 mn, it said in a disclosure to Tadawul<\/a>. The company\u2019s BoD decided to distribute SAR 9.8 mn in dividends for 2H 2023 at SAR 0.7 per share, it said in a separate disclosure<\/a>. Eligible shareholders can cash out starting Monday, 1 April. <\/p>\n

\n

SIIG-<\/p>\n

Saudi Industrial Investment Group<\/a><\/strong>\u2019s net income fell 59.6% <\/strong>y-o-y<\/strong> to SAR 112 mn in 2023<\/strong>, it said in a disclosure to Tadawul<\/a>. The investment firm said its revenues are not included in its financial statement since it follows the equity method to calculate its investments in joint ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arabian Drilling | Enaya | Sarco | Chubb | United Mining | Nahdi<\/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":[285,10,207,13,50,1556],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84517","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam-ksa","tag-financial-services","tag-healthcare","tag-mining","tag-oil-gas","wpautop","entry"],"acf":{"mongo_id":"a6dc3d45-71d3-42a9-aa8b-bcbc5b596d91","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Tadawul\u2019s FY 2023 earnings season shows no sign of ending","related_issue":[84504],"teaser":"Arabian Drilling | Enaya | Sarco | Chubb | United Mining | Nahdi","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.b42ef813-2f43-4de2-9f0d-b334c5d99f53.mp3"},"yoast_head":"\nWill flood of earnings reports never end? 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