SIECO widens net loss to SAR 24.3 mln in 2022; Q4 at SAR 6.2 mln

20/02/2023 Argaam Exclusive

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Saudi Industrial Export Co. (SIECO) deepened its net loss after Zakat and tax to SAR 24.3 million in 2022, from SAR 13.9 million in 2021, due to lower sales.

Financials (M)

Item	2021	2022	Change‬
Revenues	15.79	0.27	(98.3 %)
Gross Income	2.02	0.24	(87.9 %)
Operating Income	(14.78)	(15.97)	(8.1 %)
Net Income	(14.88)	(21.09)	(41.7 %)
Average Shares	163.05	194.40	19.2 %
EPS (Riyals)	(0.09)	(0.11)	(18.9 %)

In addition, the company utilized the value-added tax (VAT) initiative in 2022 where penalties of SAR 18.6 million were exempted and VAT variances of SAR 6.6 million agreed to be settled. This led to an increase in general and administrative expenses year-on-year (YoY).

Meanwhile, SIECO is working to improve sales after a capital increase in Q2 2022 through new customer contracts, which will reflect on the next year.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	0.33	0.09	(74.6 %)
Gross Income	0.53	0.09	(84.0 %)
Operating Income	(8.58)	(4.65)	45.8 %
Net Income	(8.23)	(2.95)	64.1 %
Average Shares	163.05	194.40	19.2 %
EPS (Riyals)	(0.05)	(0.02)	69.9 %

Item	Q3 2022	Q4 2022	Change‬
Revenues	0.08	0.09	13.3 %
Gross Income	0.05	0.09	63.5 %
Operating Income	1.88	(4.65)	(347.0 %)
Net Income	(5.33)	(2.95)	44.6 %
Average Shares	194.40	194.40	-
EPS (Riyals)	(0.03)	(0.02)	44.6 %

In Q4 2022, the net loss after Zakat and tax narrowed to SAR 6.2 million, from SAR 7.2 million in the year-earlier period.

Compared to the previous quarter, losses increased from SAR 5.33 million.

Shareholders' equity, no minority interest, reached SAR 160.02 million by the end of 2022 from SAR 12.96 million a year earlier.

Accumulated losses reached SAR 35.49 million by Dec. 31, 2022, representing 18.26% of the company's capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	85.71	19.7 %	3.99	165.4 %	2.90	494.0 %
Q2 2013	91.66	27.3 %	3.71	109.2 %	2.42	297.9 %
Q3 2013	55.06	(37.9 %)	2.52	91.5 %	1.51	343.3 %
Q4 2013	90.72	(13.7 %)	2.55	9.4 %	0.80	(32.2 %)
2013	323.15	(4.2 %)	12.76	84.4 %	7.64	191.6 %
Q1 2014	190.78	122.6 %	3.47	(12.9 %)	2.25	(22.3 %)
Q2 2014	127.19	38.8 %	1.66	(55.1 %)	0.53	(78.0 %)
Q3 2014	118.30	114.9 %	1.44	(42.7 %)	0.44	(71.0 %)
Q4 2014	135.40	49.2 %	0.87	(65.8 %)	(0.17)	(121.0 %)
2014	571.67	76.9 %	7.45	(41.6 %)	3.06	(60.0 %)
Q1 2015	132.16	(30.7 %)	1.18	(66.1 %)	0.02	(98.9 %)
Q2 2015	137.94	8.5 %	2.18	30.9 %	1.13	111.5 %
Q3 2015	202.10	70.8 %	3.71	156.8 %	2.35	435.5 %
Q4 2015	116.84	(13.7 %)	0.28	(68.2 %)	(1.00)	(494.9 %)
2015	589.04	3.0 %	7.34	(1.5 %)	2.50	(18.1 %)
Q1 2016	1.30	(99.0 %)	0.84	(28.3 %)	(0.27)	(1222.2 %)
Q2 2016	0.22	(99.8 %)	0.12	(94.6 %)	(1.76)	(256.3 %)
Q3 2016	0.33	(99.8 %)	0.19	(95.0 %)	(1.24)	(152.6 %)
Q4 2016	(1.23)	(101.1 %)	(0.83)	(398.9 %)	(3.51)	(250.9 %)
2016	0.62	(99.9 %)	0.32	(95.7 %)	(6.78)	(370.9 %)
Q1 2017	0.23	(82.3 %)	0.15	(82.1 %)	(1.56)	(472.4 %)
Q2 2017	0.33	51.4 %	0.09	(25.4 %)	(2.97)	(68.5 %)
Q3 2017	11.63	3381.4 %	0.29	55.1 %	(1.69)	(36.3 %)
Q4 2017	7.04	673.2 %	(3.05)	(267.3 %)	(5.60)	(59.4 %)
2017	19.22	2985.7 %	(2.52)	(895.6 %)	(11.83)	(74.6 %)
Q1 2018	8.14	3440.0 %	0.79	423.2 %	(1.41)	9.5 %
Q2 2018	32.09	9711.9 %	1.98	2147.7 %	0.35	111.8 %
Q3 2018	51.54	343.2 %	0.97	234.1 %	(0.61)	63.9 %
Q4 2018	26.51	276.6 %	(2.72)	11.0 %	(5.83)	(4.1 %)
2018	118.27	515.2 %	1.02	140.5 %	(7.51)	36.6 %
Q1 2019	18.22	123.8 %	0.28	(64.2 %)	(1.66)	(17.5 %)
Q2 2019	5.93	(81.5 %)	0.25	(87.3 %)	(3.33)	(1051.0 %)
Q3 2019	21.77	(57.8 %)	(3.41)	(451.6 %)	(4.91)	(707.1 %)
Q4 2019	22.33	(15.8 %)	(11.27)	(315.2 %)	(15.23)	(161.1 %)
2019	68.24	(42.3 %)	(14.15)	(1484.2 %)	(24.03)	(220.2 %)
Q1 2020	11.34	(37.8 %)	0.26	(9.9 %)	(1.26)	24.2 %
Q2 2020	12.37	108.7 %	0.38	49.4 %	(11.28)	(238.9 %)
Q3 2020	11.31	(48.0 %)	1.68	149.2 %	4.59	193.5 %
Q4 2020	-	-	(0.37)	96.7 %	(4.63)	69.6 %
2020	32.60	(52.2 %)	1.94	113.7 %	(12.57)	47.7 %
Q1 2021	7.90	(30.3 %)	0.31	20.0 %	(2.31)	(83.3 %)
Q2 2021	4.17	(66.3 %)	0.14	(63.2 %)	(1.87)	83.5 %
Q3 2021	3.39	(70.1 %)	1.05	(37.7 %)	(2.02)	(144.1 %)
Q4 2021	0.33	-	0.53	243.6 %	(8.58)	(85.5 %)
2021	15.79	(51.6 %)	2.02	4.2 %	(14.78)	(17.6 %)
Q1 2022	0.06	(99.2 %)	0.06	(79.4 %)	(5.04)	(118.3 %)
Q2 2022	0.04	(99.0 %)	0.04	(68.8 %)	(8.16)	(337.3 %)
Q3 2022	0.08	(97.8 %)	0.05	(95.0 %)	1.88	193.1 %
Q4 2022	0.09	(74.6 %)	0.09	(84.0 %)	(4.65)	45.8 %
2022	0.27	(98.3 %)	0.24	(87.9 %)	(15.97)	(8.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	323.15	(4.2 %)	12.76	84.4 %	7.64	191.6 %
2014	571.67	76.9 %	7.45	(41.6 %)	3.06	(60.0 %)
2015	589.04	3.0 %	7.34	(1.5 %)	2.50	(18.1 %)
2016	0.62	(99.9 %)	0.32	(95.7 %)	(6.78)	(370.9 %)
2017	19.22	2985.7 %	(2.52)	(895.6 %)	(11.83)	(74.6 %)
2018	118.27	515.2 %	1.02	140.5 %	(7.51)	36.6 %
2019	68.24	(42.3 %)	(14.15)	(1484.2 %)	(24.03)	(220.2 %)
2020	32.60	(52.2 %)	1.94	113.7 %	(12.57)	47.7 %
2021	15.79	(51.6 %)	2.02	4.2 %	(14.78)	(17.6 %)
2022	0.27	(98.3 %)	0.24	(87.9 %)	(15.97)	(8.1 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	2.66	497.8 %	0.02	-	2.66	0.02
Q2 2013	2.19	332.4 %	0.02	-	2.19	0.02
Q3 2013	1.29	2.9 %	0.01	-	1.29	0.01
Q4 2013	(100.47)	(0.1 %)	(0.75)	(100.96)	0.50	0.00
2013	(94.32)	5.4 %	(0.70)	(100.96)	6.64	0.05
Q1 2014	1.71	(35.5 %)	0.01	-	1.71	0.01
Q2 2014	0.52	(76.5 %)	0.00	-	0.52	0.00
Q3 2014	0.27	(78.8 %)	0.00	-	0.27	0.00
Q4 2014	(101.29)	(0.8 %)	(0.75)	(100.96)	(0.33)	0.00
2014	(98.79)	(4.7 %)	(0.74)	(100.96)	2.17	0.02
Q1 2015	0.16	(90.4 %)	0.00	-	0.16	0.00
Q2 2015	0.79	52.8 %	0.01	-	0.79	0.01
Q3 2015	1.89	589.2 %	0.01	-	1.89	0.01
Q4 2015	(102.30)	(1.0 %)	(0.76)	(100.96)	(1.34)	(0.01)
2015	(99.46)	(0.7 %)	(0.74)	(100.96)	1.51	0.01
Q1 2016	(0.47)	(387.4 %)	0.00	-	(0.47)	0.00
Q2 2016	(0.46)	(158.0 %)	0.00	-	(0.46)	0.00
Q3 2016	(9.27)	(591.2 %)	(0.07)	(7.12)	(2.15)	(0.02)
Q4 2016	(3.39)	96.7 %	(0.03)	-	(3.39)	(0.03)
2016	(107.43)	(8.0 %)	(0.80)	(100.96)	(6.47)	(0.05)
Q1 2017	(1.80)	(282.5 %)	(0.01)	-	(1.80)	(0.01)
Q2 2017	(13.23)	(2,788.3 %)	(0.10)	(10.72)	(2.52)	(0.02)
Q3 2017	(10.63)	(14.6 %)	(0.08)	(8.51)	(2.12)	(0.02)
Q4 2017	(85.33)	(2,418.2 %)	(0.64)	(81.73)	(3.59)	(0.03)
2017	(110.99)	(3.3 %)	(0.83)	(100.96)	(10.03)	(0.07)
Q1 2018	12.61	801.5 %	0.09	14.05	(1.44)	(0.01)
Q2 2018	0.32	102.4 %	0.00	-	0.32	0.00
Q3 2018	(0.38)	96.5 %	0.00	-	(0.38)	0.00
Q4 2018	(6.13)	92.8 %	(0.04)	(0.23)	(5.90)	(0.04)
2018	6.43	105.8 %	0.04	13.82	(7.39)	(0.05)
Q1 2019	(8.53)	(167.6 %)	(0.05)	(6.86)	(1.67)	(0.01)
Q2 2019	(3.28)	(1122.1 %)	(0.02)	-	(3.28)	(0.02)
Q3 2019	1.98	627.4 %	0.01	6.86	(4.88)	(0.03)
Q4 2019	(16.13)	(163.3 %)	(0.10)	-	(16.13)	(0.10)
2019	(26.01)	(504.7 %)	(0.16)	-	(26.01)	(0.16)
Q1 2020	0.22	102.6 %	0.00	-	0.22	0.00
Q2 2020	(11.55)	(252.0 %)	(0.07)	-	(11.55)	(0.07)
Q3 2020	3.59	81.1 %	0.02	-	3.59	0.02
Q4 2020	(5.44)	66.3 %	(0.03)	-	(5.44)	(0.03)
2020	(13.18)	49.3 %	(0.08)	-	(13.18)	(0.08)
Q1 2021	(2.64)	(1288.4 %)	(0.02)	-	(2.64)	(0.02)
Q2 2021	(1.87)	83.8 %	(0.01)	-	(1.87)	(0.01)
Q3 2021	(2.20)	(161.2 %)	(0.01)	-	(2.20)	(0.01)
Q4 2021	(8.23)	(51.3 %)	(0.05)	-	(8.23)	(0.05)
2021	(14.88)	(12.9 %)	(0.09)	-	(14.88)	(0.09)
Q1 2022	(4.88)	(84.5 %)	(0.03)	-	(4.88)	(0.03)
Q2 2022	(7.93)	(323.8 %)	(0.04)	-	(7.93)	(0.04)
Q3 2022	(5.33)	(142.7 %)	(0.03)	(6.62)	1.29	0.01
Q4 2022	(2.95)	64.1 %	(0.02)	3.54	(6.49)	(0.03)
2022	(21.09)	(41.7 %)	(0.11)	(3.08)	(18.01)	(0.09)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	(94.32)	5.4 %	(0.70)	(100.96)	6.64	0.05
2014	(98.79)	(4.7 %)	(0.74)	(100.96)	2.17	0.02
2015	(99.46)	(0.7 %)	(0.74)	(100.96)	1.51	0.01
2016	(107.43)	(8.0 %)	(0.80)	(100.96)	(6.47)	(0.05)
2017	(110.99)	(3.3 %)	(0.83)	(100.96)	(10.03)	(0.07)
2018	6.43	105.8 %	0.04	13.82	(7.39)	(0.05)
2019	(26.01)	(504.7 %)	(0.16)	-	(26.01)	(0.16)
2020	(13.18)	49.3 %	(0.08)	-	(13.18)	(0.08)
2021	(14.88)	(12.9 %)	(0.09)	-	(14.88)	(0.09)
2022	(21.09)	(41.7 %)	(0.11)	(3.08)	(18.01)	(0.09)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	2.68 %	1.43 %	1.43 %
Q2 2013	3.05 %	1.85 %	1.80 %
Q3 2013	3.71 %	2.38 %	1.99 %
Q4 2013	3.95 %	2.37 %	2.05 %
2013	3.95 %	2.37 %	2.05 %
Q1 2014	2.86 %	1.63 %	1.33 %
Q2 2014	2.20 %	1.10 %	0.87 %
Q3 2014	1.73 %	0.77 %	0.57 %
Q4 2014	1.30 %	0.54 %	0.38 %
2014	1.30 %	0.54 %	0.38 %
Q1 2015	1.01 %	0.17 %	0.12 %
Q2 2015	1.08 %	0.28 %	0.17 %
Q3 2015	1.31 %	0.56 %	0.41 %
Q4 2015	1.25 %	0.43 %	0.26 %
2015	1.25 %	0.43 %	0.26 %
Q1 2016	1.53 %	-	0.19 %
Q2 2016	1.54 %	(0.21 %)	(0.12 %)
Q3 2016	1.20 %	(3.53 %)	(3.72 %)
Q4 2016	50.88 %	(1065.92 %)	(1038.76 %)
2016	50.88 %	(1045.23 %)	(1038.75 %)
Q1 2017	83.71 %	1,753.10 %	1,740.85 %
Q2 2017	120.18 %	2,665.88 %	2,925.16 %
Q3 2017	(2.76 %)	(86.06 %)	(89.65 %)
Q4 2017	(13.12 %)	(59.88 %)	(52.17 %)
2017	(13.12 %)	(59.96 %)	(52.17 %)
Q1 2018	(6.94 %)	(41.88 %)	(35.65 %)
Q2 2018	0.01 %	(13.77 %)	(11.61 %)
Q3 2018	0.69 %	(7.18 %)	(5.15 %)
Q4 2018	0.86 %	(6.10 %)	(6.25 %)
2018	0.86 %	(6.10 %)	(6.25 %)
Q1 2019	0.40 %	(5.82 %)	(5.94 %)
Q2 2019	(1.19 %)	(10.83 %)	(10.98 %)
Q3 2019	(7.72 %)	(21.12 %)	(21.71 %)
Q4 2019	(20.73 %)	(36.27 %)	(38.04 %)
2019	(20.73 %)	(34.66 %)	(38.11 %)
Q1 2020	(23.10 %)	(39.57 %)	(39.23 %)
Q2 2020	(20.72 %)	(47.44 %)	(47.69 %)
Q3 2020	(15.64 %)	(39.41 %)	(41.63 %)
Q4 2020	-	-	-
2020	5.94 %	(36.38 %)	(40.44 %)
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	12.78 %	(90.63 %)	(94.64 %)
2021	12.79 %	(90.64 %)	(94.25 %)
Q1 2022	22.32 %	(214.51 %)	(215.94 %)
Q2 2022	43.92 %	(610.32 %)	(607.25 %)
Q3 2022	133.59 %	(3772.29 %)	(3835.65 %)
Q4 2022	91.35 %	-	(6771.35 %)
2022	91.39 %	(5824.12 %)	(6746.03 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	3.95 %	2.37 %	2.05 %
2014	1.30 %	0.54 %	0.38 %
2015	1.25 %	0.43 %	0.26 %
2016	50.88 %	(1045.23 %)	(1038.75 %)
2017	(13.12 %)	(59.96 %)	(52.17 %)
2018	0.86 %	(6.10 %)	(6.25 %)
2019	(20.73 %)	(34.66 %)	(38.11 %)
2020	5.94 %	(36.38 %)	(40.44 %)
2021	12.79 %	(90.64 %)	(94.25 %)
2022	91.39 %	(5824.12 %)	(6746.03 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	4.65 %	3.39 %	3.10 %
Q2 2013	4.04 %	2.65 %	2.39 %
Q3 2013	4.57 %	2.75 %	2.35 %
Q4 2013	2.81 %	0.88 %	0.55 %
Q1 2014	1.82 %	1.18 %	0.90 %
Q2 2014	1.31 %	0.42 %	0.41 %
Q3 2014	1.22 %	0.38 %	0.23 %
Q4 2014	0.65 %	(0.12 %)	(0.24 %)
Q1 2015	0.89 %	0.03 %	0.12 %
Q2 2015	1.58 %	0.83 %	0.57 %
Q3 2015	1.83 %	1.17 %	0.93 %
Q4 2015	0.24 %	(0.85 %)	(1.14 %)
Q1 2016	64.80 %	-	(36.12 %)
Q2 2016	54.63 %	(816.02 %)	(212.13 %)
Q3 2016	55.99 %	(348.17 %)	(645.18 %)
Q4 2016	67.67 %	280.33 %	275.94 %
Q1 2017	65.65 %	(646.04 %)	(781.48 %)
Q2 2017	26.91 %	(884.62 %)	(769.72 %)
Q3 2017	2.49 %	(13.83 %)	(18.23 %)
Q4 2017	(43.36 %)	(78.49 %)	(51.07 %)
Q1 2018	9.70 %	(16.43 %)	(17.71 %)
Q2 2018	6.16 %	1.13 %	1.00 %
Q3 2018	1.88 %	(1.16 %)	(0.73 %)
Q4 2018	(10.24 %)	(21.29 %)	(22.25 %)
Q1 2019	1.55 %	(8.72 %)	(9.15 %)
Q2 2019	4.23 %	(54.60 %)	(55.35 %)
Q3 2019	(15.65 %)	(22.17 %)	(22.40 %)
Q4 2019	(50.49 %)	(67.64 %)	(72.26 %)
Q1 2020	2.25 %	(9.83 %)	1.96 %
Q2 2020	3.03 %	(89.92 %)	(93.36 %)
Q3 2020	14.83 %	41.89 %	31.73 %
Q4 2020	-	-	-
Q1 2021	3.87 %	(27.05 %)	(33.47 %)
Q2 2021	3.31 %	(40.67 %)	(44.86 %)
Q3 2021	30.85 %	(54.69 %)	(64.85 %)
Q4 2021	158.68 %	(2583.20 %)	(2465.27 %)
Q1 2022	100.00 %	(7761.75 %)	(7742.54 %)
Q2 2022	100.00 %	(18574.65 %)	(18444.65 %)
Q3 2022	69.33 %	2,770.13 %	1,719.20 %
Q4 2022	100.00 %	-	(7637.88 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	134.37	(0.71)	0.04	0.86
Q2 2013	134.37	(0.70)	0.05	0.90
Q3 2013	134.37	(0.70)	0.05	0.92
Q4 2013	134.37	(0.70)	0.05	0.90
Q1 2014	134.37	(0.71)	0.04	0.92
Q2 2014	134.37	(0.72)	0.03	0.96
Q3 2014	134.37	(0.73)	0.02	0.99
Q4 2014	134.37	(0.74)	0.02	0.96
Q1 2015	134.37	(0.75)	0.00	0.95
Q2 2015	134.37	(0.74)	0.01	0.95
Q3 2015	134.37	(0.73)	0.02	0.94
Q4 2015	134.37	(0.74)	0.01	0.92
Q1 2016	134.37	(0.74)	0.01	0.90
Q2 2016	134.37	(0.75)	0.00	0.88
Q3 2016	134.37	(0.84)	(0.03)	0.84
Q4 2016	134.37	(0.10)	(0.05)	0.78
Q1 2017	134.37	(0.11)	(0.06)	0.82
Q2 2017	134.37	(0.21)	(0.07)	0.79
Q3 2017	134.37	(0.22)	(0.07)	0.73
Q4 2017	134.37	(0.83)	(0.07)	0.08
Q1 2018	134.37	(0.72)	(0.07)	0.18
Q2 2018	134.37	(0.62)	(0.05)	0.18
Q3 2018	134.37	(0.54)	(0.04)	0.18
Q4 2018	163.05	0.04	(0.05)	0.41
Q1 2019	163.05	(0.09)	(0.05)	0.36
Q2 2019	163.05	(0.11)	(0.07)	0.34
Q3 2019	163.05	(0.10)	(0.10)	0.35
Q4 2019	163.05	(0.16)	(0.16)	0.25
Q1 2020	163.05	(0.11)	(0.15)	0.33
Q2 2020	163.05	(0.16)	(0.20)	0.26
Q3 2020	163.05	(0.15)	(0.15)	0.21
Q4 2020	163.05	(0.08)	(0.08)	0.17
Q1 2021	163.05	(0.10)	(0.10)	0.15
Q2 2021	163.05	(0.04)	(0.04)	0.14
Q3 2021	163.05	(0.07)	(0.07)	0.13
Q4 2021	163.05	(0.09)	(0.09)	0.08
Q1 2022	163.05	(0.11)	(0.11)	0.05
Q2 2022	194.40	(0.12)	(0.12)	0.87
Q3 2022	194.40	(0.14)	(0.10)	0.84
Q4 2022	194.40	(0.11)	(0.09)	0.82

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	134.37	(0.70)	0.05	0.90
2014	134.37	(0.74)	0.02	0.96
2015	134.37	(0.74)	0.01	0.92
2016	134.37	(0.80)	(0.05)	0.78
2017	134.37	(0.83)	(0.07)	0.08
2018	163.05	0.04	(0.05)	0.41
2019	163.05	(0.16)	(0.16)	0.25
2020	163.05	(0.08)	(0.08)	0.17
2021	163.05	(0.09)	(0.09)	0.08
2022	194.40	(0.11)	(0.09)	0.82

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	NEG	More than 100	13.59
Q2 2013	NEG	More than 100	6.03
Q3 2013	NEG	More than 100	5.78
Q4 2013	NEG	More than 100	5.93
Q1 2014	NEG	More than 100	7.43
Q2 2014	NEG	More than 100	7.49
Q3 2014	NEG	More than 100	8.11
Q4 2014	NEG	More than 100	4.65
Q1 2015	NEG	More than 100	6.01
Q2 2015	NEG	More than 100	6.30
Q3 2015	NEG	More than 100	4.74
Q4 2015	NEG	More than 100	5.01
Q1 2016	NEG	More than 100	5.73
Q2 2016	NEG	NEG	5.30
Q3 2016	NEG	NEG	3.59
Q4 2016	NEG	NEG	5.30
Q1 2017	NEG	NEG	4.59
Q2 2017	NEG	NEG	4.24
Q3 2017	NEG	NEG	5.09
Q4 2017	NEG	NEG	21.25
Q1 2018	NEG	NEG	17.87
Q2 2018	NEG	NEG	15.47
Q3 2018	NEG	NEG	14.24
Q4 2018	More than 100	NEG	10.14
Q1 2019	NEG	NEG	10.11
Q2 2019	NEG	NEG	10.13
Q3 2019	NEG	NEG	8.57
Q4 2019	NEG	NEG	12.37
Q1 2020	NEG	NEG	6.78
Q2 2020	NEG	NEG	9.93
Q3 2020	NEG	NEG	18.52
Q4 2020	NEG	NEG	31.09
Q1 2021	NEG	NEG	39.48
Q2 2021	NEG	NEG	38.40
Q3 2021	NEG	NEG	43.59
Q4 2021	NEG	NEG	58.60
Q1 2022	NEG	NEG	128.53
Q2 2022	NEG	NEG	4.00
Q3 2022	NEG	NEG	4.52
Q4 2022	NEG	NEG	3.77

Period	P/E	Adjusted P/E	Price/book
2013	NEG	More than 100	5.93
2014	NEG	More than 100	4.65
2015	NEG	More than 100	5.01
2016	NEG	NEG	5.30
2017	NEG	NEG	21.25
2018	More than 100	NEG	10.14
2019	NEG	NEG	12.37
2020	NEG	NEG	31.09
2021	NEG	NEG	58.60
2022	NEG	NEG	3.77

Business Segments (Million)

Compared With The

Period	Selling of goods	Service Rendered	Export Activities	Medical Supplies	Saudi for Industrial Exports - Jordan
Q3 2018	-	-	55.68	-	(4.15)
Q4 2018	-	-	26.51	-	-
Q3 2019	-	-	21.77	-	-
Q4 2019	-	-	22.33	-	-
Q1 2020	-	-	11.34	-	-
Q2 2020	-	-	14.28	-	-
Q3 2020	-	-	8.02	1.38	-
Q1 2021	-	-	7.90	-	-
Q2 2021	-	-	4.24	0.13	-
Q3 2021	-	-	3.32	-	-
Q4 2021	-	-	0.33	-	-
Q1 2022	-	0.06	-	-	-
Q2 2022	-	0.04	-	-	-
Q3 2022	-	0.08	-	-	-
Q4 2022	-	0.06	-	-	-

Period	Selling of goods	Service Rendered	Export Activities	Medical Supplies	Saudi for Industrial Exports - Jordan
2018	-	-	116.85	-	1.42
2019	-	-	68.24	-	-
2020	-	-	32.05	0.55	-
2021	-	-	15.79	-	-
2022	0.02	0.24	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	489.89
Enterprise Value (EV) (M)	388.71
Shares Outstanding ((M))	194.40
EPS ( Riyal) (TTM)	(0.09)
Book Value (BV) ( Riyal)	0.68
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.71
Return on Average Assets (%) (TTM)	(11.50 )
Return on Average Equity (%) (TTM)	(12.12 )

Saudi Industrial Export Co. (SIECO)

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SIECO widens net loss to SAR 24.3 mln in 2022; Q4 at SAR 6.2 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Saudi Industrial Export Co. (SIECO)

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SIECO widens net loss to SAR 24.3 mln in 2022; Q4 at SAR 6.2 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Saudi Industrial Export Co. (SIECO)

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Business Segments (Million)