Tadawul posts SAR 129.8 mln net profit by 2017 end
Saudi Stock Exchange Company (Tadawul) achieved net profit of SAR 129.8 million by the end of 2017, versus SAR 29.8 million losses in 2016.
Financials Highlights (M) |
|||
Item |
2016 |
2017 |
Change |
Revenues |
312.6 |
545.5 |
+74% |
Net Income |
(29.3) |
129.8 |
-- |
Average Shares |
120 |
120 |
-- |
EPS (SAR) |
(0.24) |
1.08 |
-- |
The growth was attributed to revenues surging 74 percent year-on-year, totaling SAR 545.4 million by the end of 2017.
The bourse posted SAR 304 million revenues from trading commission and SAR 132.9 million from securities depository services. It achieved SAR 63 million from market information services and SAR 45 million from listing fees service.
Operating Revenues (M) |
|||
Item |
2016 |
2017 |
Change |
Trading commission |
209.4 |
304.3 |
+45% |
Securities depository services |
70.1 |
132.9 |
+90% |
Market information services |
32.9 |
63.0 |
+91% |
Listing fee service |
0.0 |
45.0 |
-- |
Other services |
0.20 |
0.24 |
+20% |
Loss on available-for-sale investments by SAR 57.8 million in 2016, versus nothing in 2017, in addition to unrealized gain on held-for-trading investments by SAR 16.7 million by the end of 2017, compared to SAR 1.7 million in 2016 also contributed to the income increase
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