{"id":84738,"date":"2024-03-26T00:00:00","date_gmt":"2024-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/"},"modified":"2024-03-26T00:00:00","modified_gmt":"2024-03-26T00:00:00","slug":"more-and-more-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/","title":{"rendered":"More and more earnings"},"content":{"rendered":"

It\u2019s the last mile for this earnings season on Tadawul\u2019s main market and parallel market Nomu <\/strong>as we approach the 31 March deadline for the reporting of 4Q 2023 results.<\/p>\n

AVALON PHARMA-<\/p>\n

Tadawul-listed <\/strong>Avalon Pharma\u2019s net income grew 10.7% <\/strong>y-o-y<\/strong> to SAR 65.8 mn in 2023<\/strong>, it said in a disclosure to Tadawul<\/a>. Revenues were up 11.8% y-o-y to SAR 338.4 mn over the same period. The pharma giant attributed the rise in net income to higher revenues driven by increased sales volumes and a reversal of expected credit loss provision by SAR 1.6 mn despite an uptick in financing costs.<\/p>\n

SAVOLA- <\/p>\n

Savola\u2019s net income rose 21.1% y-o-y to SAR 899.2 mn in 2023<\/strong>, it said in a disclosure to<\/a>Tadawul<\/a>. Revenues were down 4.4% y-o-y to SAR 26.8 bn. The Kingdom\u2019s largest food products company attributed the rise in net income to higher income from its food processing, retail and frozen food segments and a higher share of income from associates. <\/p>\n

JAMJOOM-<\/p>\n

Jamjoom <\/strong>Pharma\u2019s<\/strong> net income grew 70.7% <\/strong>y-o-y<\/strong> to SAR 292 mn in 2023<\/strong>, it said in a filing<\/a>to Tadawul<\/a>. Revenues were up 20% to SAR 1.1 bn.<\/p>\n

JABAL OMAR-<\/p>\n

Jabal Omar Development turned into the black with a net income of SAR 37.6 mn in 2023<\/strong>, up from a net loss of SAR 352 mn. Meanwhile, revenues were up 56% y-o-y to SAR 1.3 bn, it said in a disclosure to Tadawul<\/a>. The company made a correction<\/a> to the net income.<\/p>\n

NOFOTH-<\/p>\n

Nofoth Food Products\u2019 net income was up 35.5% y-o-y to SAR 42.7 mn in 2023<\/strong>, and revenues rose 14% y-o-y to SAR 308 mn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

NETWORKERS-<\/p>\n

Saudi Networkers Services\u2019 net income increased 21.5% <\/strong>y-o-y<\/strong> to SAR 36.6 mn in 2023<\/strong>, and revenues rose 15.9% y-o-y to SAR 554.7 mn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

Meanwhile, the company has approved a dividend payout of SAR 14 mn for 2H 2023 at SAR 2.4 per share<\/strong>, it said in a separate disclosure<\/a>.<\/p>\n

AME-<\/p>\n

AME Company for Medical Supplies\u2019 net income was up 25.6% <\/strong>y-o-y<\/strong> to SAR 33.5 mn in <\/strong>2023<\/strong>, and its revenues rose 15.6% to SAR 223.3 mn, it said in a disclosure to Tadawul<\/a>. <\/p>\n

Meanwhile, the company has approved a dividend payout of SAR 14 mn at SAR 2 per share for 2023<\/strong>, it said in a separate disclosure<\/a>.<\/p>\n

SAUDI GROUND SERVICES-<\/p>\n

Saudi Ground Services turned into the black with a net income of SAR 211.5 mn in<\/strong> 2023<\/strong>, up from a net loss of SAR 244.5 mn in the previous year, it said in a filing to Tadawul<\/a>. <\/p>\n

MAKKAH CONSTRUCTION-<\/p>\n

Makkah Construction and Development\u2019s net income doubled <\/strong>y-o-y<\/strong> to <\/strong>SAR 334 mn in <\/strong>2023<\/strong>, it said in a regulatory filing to Tadawul<\/a>. <\/p>\n

Meanwhile, t<\/strong>he developer has recommended a dividend payout of SAR 247 mn at SAR 1.5 a <\/strong>share for 2023<\/strong>, it said in a separate filing to the exchange<\/a>. <\/p>\n

BASIC CHEMICAL INDUSTRIES-<\/p>\n

Basic Chemical Industries\u2019 <\/strong>net income fell 37.5% <\/strong>y-o-y<\/strong>to SAR 44 mn in 2023<\/strong>, while its revenues were up 10% to SAR 741 mn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

MOUWASAT MEDICAL SERVICES-<\/p>\n

Mouwasat Medical Services<\/strong>\u2019 net income climbed 9.7% <\/strong>y-o-y<\/strong> to SAR 657.7 mn in 2023<\/strong>, while its revenues jumped 15.9% y-o-y to SAR 2.7 bn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

AL JOUF CEMENT (AJCC)-<\/p>\n

Al Jouf Cement (AJCC)\u2019<\/strong>s net income nearly tripled to SAR 84.7 mn in 2023<\/strong>, while its revenues were up 19.7% to SAR 301.5 mn, it said in a disclosure to Tadawul<\/a>.<\/p>\n

BUDGET SAUDI-<\/p>\n

Automobiles rental firm <\/strong>United International Transportation (Budget Saudi)<\/strong>\u2019s net income <\/strong>rose 10% y-o-y to SAR 277.2 mn in 2023<\/strong>, while its revenues grew 34.4% y-o-y to SAR 1.4 bn, it said in a disclosure to Tadawul<\/a>. Their BoD has recommended a dividend payout of SAR 71.2 mn at SAR 1 per share, it said in a separate disclosure<\/a>. <\/p>\n

SADAFCO-<\/p>\n

Food manufacturer <\/strong>Saudia Dairy and Foodstuff Co (SADAFCO)<\/strong>\u2019s net income was up <\/strong>47.2% y-o-y to SAR 325 mn in<\/strong> 9M ending in December<\/strong>, while its revenues grew by 6.7% y-o-y to SAR 2.1 bn, according to a disclosure to Tadawul<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Avalon Pharma | Savola | Jabal Omar | Jamjoom | Budget Saudi<\/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":[764,285,10,292,2784,2688],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84738","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-avalon-pharma","tag-earnings-watch","tag-enterpriseam-ksa","tag-jabal-omar","tag-jamjoom","tag-savola","wpautop","entry"],"acf":{"mongo_id":"1eaa9123-1215-4ca0-a4c5-ee90f7b90615","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"More FY 2023 earning from Avalon Pharma, Savola and Jabal Omar","related_issue":[84724],"teaser":"Avalon Pharma | Savola | Jabal Omar | Jamjoom | Budget Saudi","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.bea63e39-380c-4647-93c6-777a84f6d123.mp3"},"yoast_head":"\nMore and more earnings - 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\/26\/more-and-more-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More and more earnings\" \/>\n<meta property=\"og:description\" content=\"Avalon Pharma | Savola | Jabal Omar | Jamjoom | Budget Saudi\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-26T00:00:00+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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More and more earnings\",\"datePublished\":\"2024-03-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/\"},\"wordCount\":629,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"keywords\":[\"Avalon Pharma\",\"EARNINGS WATCH\",\"EnterpriseAM KSA\",\"Jabal Omar\",\"Jamjoom\",\"Savola\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/\",\"name\":\"More and more earnings - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"datePublished\":\"2024-03-26T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"More and more earnings\"}]},{\"@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":"More and more earnings - 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\/26\/more-and-more-earnings\/","og_locale":"en_US","og_type":"article","og_title":"More and more earnings","og_description":"Avalon Pharma | Savola | Jabal Omar | Jamjoom | Budget Saudi","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/","og_site_name":"KSA","article_published_time":"2024-03-26T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"More and more earnings","datePublished":"2024-03-26T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/"},"wordCount":629,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"keywords":["Avalon Pharma","EARNINGS WATCH","EnterpriseAM KSA","Jabal Omar","Jamjoom","Savola"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/","name":"More and more earnings - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"datePublished":"2024-03-26T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/more-and-more-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"More and more earnings"}]},{"@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\/84738","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=84738"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84738\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/84724"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=84738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=84738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=84738"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=84738"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}