Electrical Industries’ net profit soars 93% to SAR 94.2 mln in 2022, Q4 at SAR 39.9 mln

28/03/2023 Argaam Exclusive
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Electrical Industries Co. reported a net profit of SAR 94.2 million in 2022, a 93% surge from SAR 48.9 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 770.69 - -
Gross Income 149.55 - -
Operating Income 66.83 - -
Net Income 48.85 - -
Average Shares 1,125.00 - -
Earnings Per Share before unusual items 0.04 - -
EPS (Halala) 4.34 - -

This was fueled by an increase in sales year-on-year (YoY) to SAR 1.06 billion, in addition to the diversification of the sold products.

 

However, the profit increase was offset by higher selling and distribution expenses, an increase in general and administrative expenses and a rise in the cost of finance.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 229.61 - -
Gross Income 46.43 - -
Operating Income 30.50 - -
Net Income 23.75 - -
Average Shares 1,125.00 - -
Earnings Per Share before unusual items 0.02 - -
EPS (Halala) 2.11 - -

Q4 2022 net earnings increased 68% to SAR 39.9 million, from SAR 23.7 million in Q4 2021. 

 

On a quarterly basis, net profit jumped by 68.9% from SAR 23.6 million in Q3 2022. 

 

Total shareholders’ equity, no minority interest, stood at SAR 630.8 million by Dec. 31, 2022, compared to SAR 587.8 million in a year-earlier period.

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Share Price

Electrical Industries Co.
6.06
0.12 2.02 %

Electrical Industries Co. (EIC)

1 Day 2.02 % 5 Days 1.34 % 3 Months (15.72 %) 6 Months (16.64 %) Year 31.74 % 2 Years 355.54 % 5 Years 1,149.74 % All 155.63 %
Created with Highstock 6.0.710:1510:3010:4511:0011:1511:3011:4512:0012:1512:3012:4513:0013:1513:3013:4514:0014:1514:3014:4515:155.945.965.986.006.026.046.066.086.10
Close : 6.06 | Mar 27, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 6,817.50
Enterprise Value (EV) (M) 6,695.01
Shares Outstanding ((M)) 1,125.00
EPS (Halala) (TTM) 35.71
Book Value (BV) ( Riyal) 0.84
Par Value ( Halala) 50.00
Adjusted P/E (Last12) 16.11
P/E (TTM) 16.97
Price/book 7.21
Return on Average Assets (%) (TTM) 20.9
Return on Average Equity (%) (TTM) 47.5
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