Alsaif Gallery Q1 net profit drops to SAR 50.5 mln

18/05/2023 Argaam Exclusive
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AlSaif Stores for Development and Investment Co. (Alsaif Gallery) reported a net profit of SAR 50.5 million in the first quarter of 2023, a decline of 15% from SAR 59.1 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 252.95 229.42 (9.3 %)
Gross Income 85.41 77.54 (9.2 %)
Operating Income 58.11 48.97 (15.7 %)
Net Income 59.09 50.55 (14.5 %)
Average Shares 350.00 350.00 -
Earnings Per Share before unusual items 0.17 0.14 (14.5 %)
EPS (Riyals) 0.17 0.14 (14.5 %)

The lower profit was driven by a 9.3% year-on-year (YoY) fall in sales due to the end of the seasonal sales season and the start of Ramadan. In addition, selling and marketing expenses increased by 10.6% YoY.

 

On a quarterly basis, net earnings surged 80.2% from SAR 28.05 million in Q4 2022.

 

Shareholders’ equity, no minority interest, stood at SAR 426.65 million as of March 31, 2023, compared to SAR 440.23 million a year earlier.

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Share Price

AlSaif Stores for Development and Investment Co.
7.96
0.08 1.02 %

AlSaif Stores for Development and Investment Co. (ALSAIF GALLERY)

1 Day 1.02 % 5 Days 2.58 % 3 Months 1.92 % 6 Months (2.57 %) Year (32.08 %) 2 Years (3.86 %) 5 Years (18.78 %) All (18.78 %)
Created with Highstock 6.0.710:1010:2010:3010:4011:0011:1011:3011:5012:0012:2012:3012:4013:0013:1013:2013:3013:4013:5014:0014:1014:2014:3014:4014:5015:107.87.8257.857.8757.97.9257.957.97588.025
Close : 7.96 | Mar 27, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 2,786.00
Enterprise Value (EV) (M) 2,782.93
Shares Outstanding ((M)) 350.00
EPS ( Riyal) (TTM) 0.11
Book Value (BV) ( Riyal) 1.25
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) More than 100
Price/book 6.34
Return on Average Assets (%) (TTM) 4.5
Return on Average Equity (%) (TTM) 5.4
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