Sadirat losses deepen to SAR 9.1M in H1 2024; Q2 at SAR 9.6M

27/10/2024 Argaam Exclusive

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Saudi Industrial Export Co. (Sadirat) deepened its net losses to SAR 9.1 million for the first half of 2024, compared to SAR 2.3 million in the year-earlier period, given the fluctuating raw material prices on global price indices and late statutory fees payments as a result of global logistics conditions.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	7.16	22.73	217.5 %
Gross Income	(0.44)	(2.90)	(552.0 %)
Operating Income	(10.06)	(14.61)	(45.3 %)
Net Income	(2.34)	(9.09)	(288.9 %)
Average Shares	194.40	194.40	-
EPS (Riyals)	(0.01)	(0.05)	(288.9 %)

The wider losses were also attributed to setting aside a provision for expected credit losses during the six-month period, along with the decrease in unrealized gains from investments at fair value.

This came although Sadirat logged increased revenues for the same period, thanks to its foray into new markets and securing new customers.

In Q2 2024, the company witnessed a more than 15-fold hike in its net losses to SAR 9.6 million, from SAR 620,000 in the year before.

Sequentially, net losses increased from SAR 530,000 in Q1 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	2.82	18.82	566.7 %
Gross Income	(0.78)	(3.05)	(291.5 %)
Operating Income	(5.89)	(9.67)	(64.2 %)
Net Income	(0.62)	(9.62)	(1,453.1 %)
Average Shares	194.40	194.40	-
EPS (Riyals)	0.00	(0.05)	(1,453.1 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	3.91	18.82	381.5 %
Gross Income	0.15	(3.05)	(2080.5 %)
Operating Income	(5.66)	(9.67)	(70.8 %)
Net Income	0.53	(9.62)	(1910.0 %)
Average Shares	194.40	194.40	-
EPS (Riyals)	0.00	(0.05)	(1910.0 %)

Shareholders' equity (no minority interest) declined to SAR 135.36 million in H1 2024, compared to SAR 157.69 million in H1 2023.

Accumulated losses reached SAR 60.18 million by the end of the current period, representing 31.02% of Sadirat’s capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q1 2023	4.33	6779.4 %	0.34	431.7 %	(4.17)	17.3 %
Q2 2023	2.82	6465.1 %	(0.78)	(1911.6 %)	(5.89)	27.8 %
Q3 2023	5.46	7180.0 %	0.09	73.1 %	(8.99)	(577.3 %)
Q4 2023	0.61	621.2 %	0.02	(82.4 %)	(5.65)	(21.4 %)
2023	13.23	4856.6 %	(0.34)	(237.3 %)	(24.02)	(50.5 %)
Q1 2024	3.91	(9.8 %)	0.15	(54.0 %)	(5.66)	(35.8 %)
Q2 2024	18.82	566.7 %	(3.05)	(291.5 %)	(9.67)	(64.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2023	13.23	4856.6 %	(0.34)	(237.3 %)	(24.02)	(50.5 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
Q1 2023	(1.72)	64.8 %	(0.01)	-	(1.72)	(0.01)
Q2 2023	(0.62)	92.2 %	0.00	-	(0.62)	0.00
Q3 2023	(8.64)	(62.1 %)	(0.04)	-	(8.64)	(0.04)
Q4 2023	(4.63)	(56.7 %)	(0.02)	-	(4.63)	(0.02)
2023	(15.60)	26.0 %	(0.08)	-	(15.60)	(0.08)
Q1 2024	0.53	130.9 %	0.00	-	0.53	0.00
Q2 2024	(9.62)	(1,453.1 %)	(0.05)	-	(9.62)	(0.05)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
2023	(15.60)	26.0 %	(0.08)	-	(15.60)	(0.08)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q1 2023	11.35 %	(323.35 %)	(327.34 %)
Q2 2023	(4.20 %)	(125.72 %)	(103.04 %)
Q3 2023	(2.12 %)	(185.36 %)	(137.53 %)
Q4 2023	(2.56 %)	(185.12 %)	(117.94 %)
2023	(2.53 %)	(179.99 %)	(117.91 %)
Q1 2024	(4.06 %)	(203.01 %)	(104.29 %)
Q2 2024	(9.69 %)	(114.88 %)	(77.62 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
2023	(2.53 %)	(179.99 %)	(117.91 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q1 2023	7.73 %	(94.81 %)	(39.62 %)
Q2 2023	(27.59 %)	(89.11 %)	(21.94 %)
Q3 2023	1.65 %	(224.67 %)	(158.24 %)
Q4 2023	2.45 %	(913.41 %)	(754.80 %)
Q1 2024	3.94 %	(143.59 %)	13.60 %
Q2 2024	(16.21 %)	(51.06 %)	(51.12 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q1 2023	194.40	(0.09)	(0.08)	0.81
Q2 2023	194.40	(0.05)	(0.04)	0.81
Q3 2023	194.40	(0.07)	(0.09)	0.77
Q4 2023	194.40	(0.08)	(0.08)	0.74
Q1 2024	194.40	(0.07)	(0.07)	0.75
Q2 2024	194.40	(0.11)	(0.11)	0.70

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2023	194.40	(0.08)	(0.08)	0.74

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q1 2023	NEG	NEG	4.09
Q2 2023	NEG	NEG	4.25
Q3 2023	NEG	NEG	3.89
Q4 2023	NEG	NEG	3.81
Q1 2024	NEG	NEG	3.65
Q2 2024	NEG	NEG	3.58

Period	P/E	Adjusted P/E	Price/book
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
2023	NEG	NEG	3.81

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	-	-	-
Q1 2023	4.31	0.02	-	-	-
Q2 2023	2.79	0.04	-	-	-
Q3 2023	5.46	-	-	-	-
Q1 2024	3.91	-	-	-	-
Q2 2024	18.82	-	-	-	-

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	-	-	-
2023	9.26	3.97	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	489.89
Enterprise Value (EV) (M)	364.48
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)	(10.96 )
Return on Average Equity (%) (TTM)	(12.12 )

Saudi Industrial Export Co. (SIECO)

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Sadirat losses deepen to SAR 9.1M in H1 2024; Q2 at SAR 9.6M

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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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Saudi Industrial Export Co. (SIECO)

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Business Segments (Million)