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

09/06/2024 Argaam Exclusive
0

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.
89.80
(0.40) (0.44 %)

Etihad Atheeb Telecommunication Co. (GO TELECOM)

1 Day (0.44 %) 5 Days (3.44 %) 3 Months (20.18 %) 6 Months (5.05 %) Year 4.88 % 2 Years 404.59 % 5 Years 953.41 % All (31.65 %)
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:3011:4012:0012:2012:3012:4012:5013:0013:1013:2013:3013:4013:5014:0014:1089.289.489.689.89090.290.490.690.8
Close : 89.70 | Mar 20, 14:11
More


Financial Ratios
Current
Market Cap (M Riyal) 3,052.30
Enterprise Value (EV) (M) 2,579.55
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) 17.08
P/E (TTM) 17.08
Price/book 4.30
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 Advanced Package

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 0

Be the first to comment

loader Train
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

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website