GO earns SAR 194.7M in FY 2023/24; Q4 at SAR 18.1M

09/06/2024 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Etihad Atheeb Telecommunication Co. (GO) recorded a net profit of SAR 194.7 million in the fiscal year ended March 31, 2024, compared to SAR 42.5 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 630.34 1,016.12 61.2 %
Gross Income 182.69 305.47 67.2 %
Operating Income 43.43 144.87 233.6 %
Net Income 42.47 194.68 358.4 %
Average Shares 29.62 34.00 14.8 %
Earnings Per Share before unusual items 1.43 4.09 185.1 %
EPS (Riyals) 1.43 5.73 299.4 %

The annual profit rise was driven by better revenue and other income. The company also reported a decline in selling and marketing expenses. GO also recorded a financing income during the period.

 

On the other hand, the company reported an increase in the costs of services, general and administrative expenses (G&A), as well as impairment in trade receivables.

 

The fourth-quarter net earnings fell by 38.5% to SAR 18.1 million, from SAR 29.5 million in Q4 2022/23.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 177.82 306.46 72.3 %
Gross Income 56.28 73.77 31.1 %
Operating Income 23.97 13.61 (43.2 %)
Net Income 29.51 18.13 (38.5 %)
Average Shares 29.62 34.00 14.8 %
Earnings Per Share before unusual items 1.00 0.53 (46.5 %)
EPS (Riyals) 1.00 0.53 (46.5 %)

On a sequential basis, net earnings tumbled 76.2% from SAR 76 million in Q3 2023/24.

 

Shareholders' equity, no minority interest, stood at SAR 558.91 million at the end of the 12-month period, up from SAR 116.08 million a year earlier.

 

View More Financial Results

 

View other reports

Share Price

Etihad Atheeb Telecommunication Co.
91.00
0.80 0.89 %

Etihad Atheeb Telecommunication Co. (GO TELECOM)

More


Financial Ratios
Current
Market Cap (M Riyal) 3,093.09
Enterprise Value (EV) (M) 2,620.34
Shares Outstanding ((M)) 33.99
EPS ( Riyal) (TTM) 5.25
Book Value (BV) ( Riyal) 20.86
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 17.31
P/E (TTM) 17.31
Price/book 4.36
Return on Average Assets (%) (TTM) 13.5
Return on Average Equity (%) (TTM) 20.4
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request