{"id":84562,"date":"2024-03-20T00:00:00","date_gmt":"2024-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/20\/its-a-sea-of-earnings-this-morning\/"},"modified":"2024-03-20T00:00:00","modified_gmt":"2024-03-20T00:00:00","slug":"its-a-sea-of-earnings-this-morning","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/20\/its-a-sea-of-earnings-this-morning\/","title":{"rendered":"It\u2019s a sea of earnings this morning"},"content":{"rendered":"

Strap in for a long list of earnings results.<\/strong><\/p>\n

\n

AWPT-<\/p>\n

Alkhorayef Water and Power Technologies<\/a><\/strong>\u2019 net income increased 30.3% y-o-y to SAR 140 <\/strong>mn in 2023<\/strong>, and revenues doubled y-o-y to SAR 1.7 bn, it said in a disclosure to Tadawul<\/a>. The company attributed its top line growth to improved performance in its water, wastewater and integrated water solutions segments. <\/p>\n

\n

KEC-<\/p>\n

Knowledge Economic City<\/a><\/strong>\u2019s net losses doubled y-o-y to SAR 45.6 mn in 2023<\/strong> on the back of rising expenses. Meanwhile, revenues increased 18% y-o-y to SAR 66.9 mn as the company closed more residential sales, it said in a disclosure to Tadawul<\/a>. <\/p>\n

\n

RIYADH CEMENT-<\/p>\n

Riyadh Cement<\/a><\/strong>\u2019s net income remained basically unchanged, inching down 0.6% y-o-y to <\/strong>SAR 188.8 mn in 2023 <\/strong>as expenses rose, while revenues were up 8% y-o-y to 643.4 mn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

\n

BAAZEEM-<\/p>\n

Baazeem Trading<\/a><\/strong>\u2019s net income dipped 0.6% y-o-y to SAR 21.7 mn in 2023<\/strong>, and revenues were down slightly by 2.4% y-o-y to SAR 257 mn, it said in a disclosure to Tadawul<\/a>. The company\u2019s BoD decided to distribute SAR 11 mn in dividends for 2H 2023 at SAR 1.1 per share, it said in a separate disclosure<\/a>. <\/p>\n

\n

LEEJAM-<\/p>\n

Leejam Sports Company<\/a><\/strong>\u2019s net income increased 40% y-o-y to SAR 356 mn in 2023<\/strong>, and revenues were up 24% y-o-y to SAR 1.3 bn, it said in an earnings release (pdf)<\/a>. On a quarterly basis,<\/strong> net income increased 23% y-o-y to SAR 129 mn in 4Q 2023, and revenues were up 18% y-o-y to SAR 398 mn. The company\u2019s BoD decided to distribute SAR 69.7 mn in dividends for 4Q 2023 at SAR 1.3 per share, it said in a disclosure to Tadawul<\/a>. Eligible shareholders can cash out starting Wednesday, 3 April.<\/p>\n

\n

ALSAGR INS-<\/p>\n

Al Sagr Cooperative Ins.<\/a><\/strong> turned into the black with a net income of SAR 42.3 mn in 2023<\/strong>, and revenues were up 2.7% y-o-y to SAR 486 mn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

\n

BAHRI-<\/p>\n

National Shipping Company of SA<\/a><\/strong>\u2019s net income increased 55% y-o-y to SAR 1.6 bn in <\/strong>2023, <\/strong>and revenues rose 2.3% y-o-y to SAR 8.8 bn, it said in a disclosure to Tadawul<\/a>. The company\u2019s BoD recommended a dividend payout of 406 mn for 2023 at SAR 0.55 per share, it said in a separate disclosure<\/a>. <\/p>\n

\n

ALDAWAA-<\/p>\n

Aldawaa<\/a><\/strong>Medical Services<\/a><\/strong>\u2019 net income increased 8% y-o-y to SAR 329 mn in 2023<\/strong>, and revenues were up 7% y-o-y to SAR 5.7 bn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

\n

GULF GENERAL-<\/p>\n

Gulf General Cooperative Ins.<\/a><\/strong> turned into the black with a net income of SAR 3.5 mn in <\/strong>2023<\/strong>, and revenues remained unchanged at SAR 315.6 mn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

\n

RIYAL-<\/p>\n

Rental car company <\/strong>Riyal Investment and Development<\/a><\/strong>\u2019s net income dipped 4.5% y-o-y <\/strong>to SAR 18.3 mn in 2023<\/strong>, and revenues were down 35.8% y-o-y to SAR 121.7 mn, it said in a disclosure to Tadawul<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Alkhorayef Water | KEC | Riyadh Cement | Baazeem Trading | Leejam Sports | Al Sagr | National Shipping Company | Aldawaa Medical Services | Gulf General<\/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":[2657,285,10,13,238,106,8],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84562","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-cement","tag-earnings-watch","tag-enterpriseam-ksa","tag-healthcare","tag-logistics","tag-real-estate","tag-sports","wpautop","entry"],"acf":{"mongo_id":"6456b2a6-c5c5-4921-99e2-d303135f5702","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"A flurry of earnings","related_issue":[84548],"teaser":"Alkhorayef Water | KEC | Riyadh Cement | Baazeem Trading | Leejam Sports | Al Sagr | National Shipping Company | Aldawaa Medical Services | Gulf General","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.7e79a068-c676-47fe-bb65-ea3d8b245704.mp3"},"yoast_head":"\nIt\u2019s a sea of earnings this morning - 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