Taiba net profit surges to SAR 62.1 mln in Q1 2023

16/05/2023 Argaam Exclusive

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Taiba Investments Co. posted a net profit of SAR 62.1 million in Q1 2023, almost a three-fold increase from SAR 20.4 million a year earlier. 

 


Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 52.55 110.96 111.1 %
Gross Income 22.07 74.15 236.1 %
Operating Income 20.66 61.41 197.2 %
Net Income 20.35 62.06 205.0 %
Average Shares 160.46 168.79 5.2 %
Earnings Per Share before unusual items 0.11 0.37 245.2 %
EPS (Riyals) 0.13 0.37 189.9 %

The positive performance was driven by higher revenues as a result of a recovery in Taiba's core activities from the effects of COVID-19 pandemic, in addition to recording dividend from one of the investee companies at fair value through other comprehensive income.

 

Sequentially, net profit rose 48% from SAR 41.94 million in Q4 2022.

 

Shareholders’ equity, after minority interest, stood at SAR 3.79 billion as of March 31, 2023, compared to SAR 3.67 billion a year earlier.

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Share Price

Taiba Investments Co.
48.45
(1.05) (2.12 %)

Taiba Investments Co. (TAIBA)

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Financial Ratios
Current
Market Cap (M Riyal) 12,619.29
Enterprise Value (EV) (M) 13,944.71
Shares Outstanding ((M)) 260.46
EPS ( Riyal) (TTM) 1.33
Book Value (BV) ( Riyal) 26.29
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 36.33
P/E (TTM) 36.33
Price/book 1.84
Return on Average Assets (%) (TTM) 3.6
Return on Average Equity (%) (TTM) 4.2
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