Saudi Fisheries widens 9M 2022 loss to SAR 49.9 mln; Q3 at SAR 26.4 mln

09/11/2022 Argaam Exclusive

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Saudi Fisheries Co. (Alasmak) slipped into a deeper net loss after Zakat and tax of SAR 49.9 million in the first nine months of 2022, compared to SAR 37.9 million in the year-ago period, mainly due to the increased production costs in the shrimp farm and lower survival rates.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	33.78	39.07	15.6 %
Gross Income	(2.92)	(15.71)	(437.9 %)
Operating Income	(37.50)	(47.99)	(28.0 %)
Net Income	(37.85)	(33.75)	10.8 %
Average Shares	40.00	40.00	-
EPS (Riyals)	(0.95)	(0.84)	10.8 %

The longer harvest cycles and variable costs hiked up the overall production cost. On the other hand, sales jumped 16% year-on-year (YoY).

In Q3 2022, the company widened its net loss after Zakat and tax by 42.9% to SAR 26.4 million, from SAR 18.46 million in Q3 2021 on an 18% YoY drop in sales, along with an increase in production costs of the second shrimp cycle.

Further, food consumption rates (FCR) pushed shrimp costs higher.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	11.97	9.81	(18.1 %)
Gross Income	(5.28)	(12.28)	(132.3 %)
Operating Income	(18.48)	(23.06)	(24.8 %)
Net Income	(18.46)	(26.38)	(42.9 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	(0.46)	(0.66)	(42.9 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	12.28	9.81	(20.1 %)
Gross Income	6.18	(12.28)	(298.8 %)
Operating Income	(4.30)	(23.06)	(437.0 %)
Net Income	(6.98)	(26.38)	(277.7 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	(0.17)	(0.66)	(277.7 %)

In Q2 2022, the company incurred a net loss of SAR 8 million.

Total shareholders’ equity, after minority interest, decreased to SAR 221.351 million as of Sept. 30, 2022, from SAR 271.269 million a year earlier.

Accumulated losses amounted to SAR -178.546 million as of Sept. 30, 2022, representing -44.63% of the company's capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	21.00	13.9 %	4.07	294.1 %	(8.07)	(8.5 %)
Q2 2013	18.47	(5.3 %)	(4.00)	(592.8 %)	(11.84)	(50.1 %)
Q3 2013	17.62	25.6 %	(2.35)	(392.5 %)	(8.93)	8.6 %
Q4 2013	20.45	11.3 %	2.64	310.9 %	(14.24)	(27.3 %)
2013	77.54	10.2 %	0.36	220.4 %	(43.07)	(18.8 %)
Q1 2014	22.74	8.3 %	(0.01)	(100.2 %)	(8.59)	(6.4 %)
Q2 2014	18.43	(0.2 %)	(4.11)	(2.9 %)	(13.04)	(10.1 %)
Q3 2014	17.31	(1.7 %)	0.95	140.2 %	(8.55)	4.2 %
Q4 2014	21.43	4.8 %	0.37	(86.1 %)	(11.78)	17.3 %
2014	79.91	3.0 %	(2.81)	(875.1 %)	(41.95)	2.6 %
Q1 2015	24.43	7.5 %	0.32	4075.0 %	(9.02)	(5.0 %)
Q2 2015	21.00	13.9 %	0.78	118.9 %	(8.03)	38.4 %
Q3 2015	18.69	7.9 %	(6.53)	(789.7 %)	(14.96)	(75.0 %)
Q4 2015	19.26	(10.1 %)	(2.08)	(667.6 %)	(11.49)	2.4 %
2015	83.37	4.3 %	(7.51)	(167.7 %)	(43.50)	(3.7 %)
Q1 2016	19.48	(20.3 %)	0.34	6.0 %	(8.44)	6.4 %
Q2 2016	16.88	(19.6 %)	0.68	(12.5 %)	(8.17)	(1.7 %)
Q3 2016	12.73	(31.9 %)	(0.15)	97.7 %	(8.94)	40.3 %
Q4 2016	11.17	(42.0 %)	(2.21)	(6.1 %)	(11.61)	(1.0 %)
2016	60.26	(27.7 %)	(2.13)	71.7 %	(39.07)	10.2 %
Q1 2017	10.97	(43.7 %)	0.04	(88.1 %)	(7.59)	10.1 %
Q2 2017	7.74	(54.2 %)	(0.75)	(209.2 %)	(8.16)	0.1 %
Q3 2017	7.69	(39.6 %)	(0.68)	(350.7 %)	(7.92)	11.4 %
Q4 2017	9.16	(18.0 %)	(1.00)	54.9 %	(9.70)	16.4 %
2017	35.54	(41.0 %)	(2.38)	(11.8 %)	(33.40)	14.5 %
Q1 2018	7.37	(32.8 %)	(0.17)	(527.5 %)	(6.16)	18.8 %
Q2 2018	4.72	(38.9 %)	0.80	207.8 %	(6.79)	16.9 %
Q3 2018	3.76	(51.1 %)	0.84	223.7 %	(7.50)	5.2 %
Q4 2018	5.57	(39.2 %)	1.97	297.9 %	(12.37)	(27.5 %)
2018	21.42	(39.7 %)	6.16	359.0 %	(32.87)	1.6 %
Q1 2019	5.31	(28.0 %)	0.78	557.9 %	(8.78)	(42.5 %)
Q2 2019	4.47	(5.3 %)	1.30	61.3 %	(8.66)	(27.6 %)
Q3 2019	6.18	64.5 %	1.72	106.1 %	(8.70)	(15.9 %)
Q4 2019	9.37	68.3 %	2.57	30.0 %	(6.08)	50.8 %
2019	25.33	18.3 %	6.91	12.2 %	(32.21)	2.0 %
Q1 2020	10.24	92.9 %	3.42	336.4 %	(9.74)	(10.9 %)
Q2 2020	10.22	128.4 %	4.26	228.7 %	(7.50)	13.4 %
Q3 2020	9.64	55.9 %	5.04	192.3 %	(6.39)	26.5 %
Q4 2020	10.85	15.9 %	(10.36)	(503.8 %)	(13.09)	(115.3 %)
2020	40.95	61.7 %	2.35	(65.9 %)	(36.72)	(14.0 %)
Q1 2021	12.01	17.3 %	0.41	(88.1 %)	(10.01)	(2.8 %)
Q2 2021	9.80	(4.1 %)	1.96	(54.0 %)	(9.01)	(20.2 %)
Q3 2021	11.97	24.2 %	(5.28)	(204.9 %)	(18.48)	(189.2 %)
Q4 2021	13.80	27.2 %	7.69	174.2 %	(8.21)	37.3 %
2021	47.59	16.2 %	4.77	102.5 %	(45.70)	(24.5 %)
Q1 2022	16.98	41.3 %	(9.61)	(2472.1 %)	(20.63)	(106.2 %)
Q2 2022	12.28	25.3 %	6.18	215.2 %	(4.30)	52.3 %
Q3 2022	9.81	(18.1 %)	(12.28)	(132.3 %)	(23.06)	(24.8 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	70.35	(18.7 %)	0.11	104.9 %	(36.26)	7.8 %
2013	77.54	10.2 %	0.36	220.4 %	(43.07)	(18.8 %)
2014	79.91	3.0 %	(2.81)	(875.1 %)	(41.95)	2.6 %
2015	83.37	4.3 %	(7.51)	(167.7 %)	(43.50)	(3.7 %)
2016	60.26	(27.7 %)	(2.13)	71.7 %	(39.07)	10.2 %
2017	35.54	(41.0 %)	(2.38)	(11.8 %)	(33.40)	14.5 %
2018	21.42	(39.7 %)	6.16	359.0 %	(32.87)	1.6 %
2019	25.33	18.3 %	6.91	12.2 %	(32.21)	2.0 %
2020	40.95	61.7 %	2.35	(65.9 %)	(36.72)	(14.0 %)
2021	47.59	16.2 %	4.77	102.5 %	(45.70)	(24.5 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	(8.73)	(12.4 %)	(0.41)	-	(8.73)	(0.41)
Q2 2013	(14.04)	(77.7 %)	(0.65)	-	(14.04)	(0.65)
Q3 2013	(9.79)	2.7 %	(0.45)	-	(9.79)	(0.45)
Q4 2013	(16.42)	(15.9 %)	(0.76)	-	(16.42)	(0.76)
2013	(48.98)	(22.8 %)	(2.27)	-	(48.98)	(2.27)
Q1 2014	(10.32)	(18.2 %)	(0.48)	-	(10.32)	(0.48)
Q2 2014	(13.77)	1.9 %	(0.64)	-	(13.77)	(0.64)
Q3 2014	(10.62)	(8.5 %)	(0.49)	-	(10.62)	(0.49)
Q4 2014	(11.72)	28.6 %	(0.54)	-	(11.72)	(0.54)
2014	(46.43)	5.2 %	(2.16)	-	(46.43)	(2.16)
Q1 2015	(10.99)	(6.5 %)	(0.51)	-	(10.99)	(0.51)
Q2 2015	(9.82)	28.7 %	(0.46)	-	(9.82)	(0.46)
Q3 2015	(16.88)	(58.9 %)	(0.78)	-	(16.88)	(0.78)
Q4 2015	(13.56)	(15.7 %)	(0.63)	-	(13.56)	(0.63)
2015	(51.24)	(10.4 %)	(2.38)	-	(51.24)	(2.38)
Q1 2016	(10.22)	7.0 %	(0.47)	-	(10.22)	(0.47)
Q2 2016	(9.66)	1.6 %	(0.45)	-	(9.66)	(0.45)
Q3 2016	(9.89)	41.4 %	(0.46)	-	(9.89)	(0.46)
Q4 2016	(12.32)	9.2 %	(0.57)	-	(12.32)	(0.57)
2016	(44.01)	14.1 %	(2.04)	-	(44.01)	(2.04)
Q1 2017	(9.23)	9.8 %	(0.43)	-	(9.23)	(0.43)
Q2 2017	(9.28)	3.9 %	(0.43)	-	(9.28)	(0.43)
Q3 2017	(7.99)	19.2 %	(0.37)	-	(7.99)	(0.37)
Q4 2017	(14.35)	(16.5 %)	(0.67)	(4.91)	(9.45)	(0.44)
2017	(40.85)	7.2 %	(1.90)	(4.91)	(35.94)	(1.67)
Q1 2018	(5.99)	35.1 %	(0.28)	-	(5.99)	(0.28)
Q2 2018	(6.77)	27.0 %	(0.31)	-	(6.77)	(0.31)
Q3 2018	(8.73)	(9.2 %)	(0.41)	-	(8.73)	(0.41)
Q4 2018	(15.77)	(9.8 %)	(0.73)	-	(15.77)	(0.73)
2018	(37.25)	8.8 %	(1.73)	-	(37.25)	(1.73)
Q1 2019	(9.25)	(54.3 %)	(0.43)	-	(9.25)	(0.43)
Q2 2019	(10.19)	(50.6 %)	(0.47)	-	(10.19)	(0.47)
Q3 2019	(10.13)	(16.1 %)	(0.47)	-	(10.13)	(0.47)
Q4 2019	(3.46)	78.1 %	(0.16)	-	(3.46)	(0.16)
2019	(33.03)	11.3 %	(1.53)	-	(33.03)	(1.53)
Q1 2020	(11.02)	(19.1 %)	(0.51)	-	(11.02)	(0.51)
Q2 2020	(8.93)	12.4 %	(0.22)	-	(8.93)	(0.22)
Q3 2020	(6.17)	39.1 %	(0.15)	-	(6.17)	(0.15)
Q4 2020	(14.54)	(320.4 %)	(0.36)	0.50	(15.04)	(0.38)
2020	(40.65)	(23.1 %)	(1.02)	0.50	(41.15)	(1.03)
Q1 2021	(9.75)	11.5 %	(0.24)	-	(9.75)	(0.24)
Q2 2021	(9.63)	(7.9 %)	(0.24)	-	(9.63)	(0.24)
Q3 2021	(18.46)	(199.4 %)	(0.46)	-	(18.46)	(0.46)
Q4 2021	3.66	125.2 %	0.09	-	3.66	0.09
2021	(34.19)	15.9 %	(0.85)	-	(34.19)	(0.85)
Q1 2022	(0.39)	96.0 %	(0.01)	-	(0.39)	(0.01)
Q2 2022	(6.98)	27.5 %	(0.17)	-	(6.98)	(0.17)
Q3 2022	(26.38)	(42.9 %)	(0.66)	-	(26.38)	(0.66)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	(39.89)	13.4 %	(1.85)	-	(39.89)	(1.85)
2013	(48.98)	(22.8 %)	(2.27)	-	(48.98)	(2.27)
2014	(46.43)	5.2 %	(2.16)	-	(46.43)	(2.16)
2015	(51.24)	(10.4 %)	(2.38)	-	(51.24)	(2.38)
2016	(44.01)	14.1 %	(2.04)	-	(44.01)	(2.04)
2017	(40.85)	7.2 %	(1.90)	(4.91)	(35.94)	(1.67)
2018	(37.25)	8.8 %	(1.73)	-	(37.25)	(1.73)
2019	(33.03)	11.3 %	(1.53)	-	(33.03)	(1.53)
2020	(40.65)	(23.1 %)	(1.02)	0.50	(41.15)	(1.03)
2021	(34.19)	15.9 %	(0.85)	-	(34.19)	(0.85)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	4.32 %	(35.96 %)	(56.04 %)
Q2 2013	(2.31 %)	(38.97 %)	(65.38 %)
Q3 2013	(4.68 %)	(35.95 %)	(61.92 %)
Q4 2013	0.47 %	(42.73 %)	(63.17 %)
2013	0.47 %	(42.73 %)	(63.17 %)
Q1 2014	(4.69 %)	(41.36 %)	(63.79 %)
Q2 2014	(4.84 %)	(43.80 %)	(63.49 %)
Q3 2014	(0.67 %)	(43.80 %)	(64.78 %)
Q4 2014	(3.51 %)	(40.45 %)	(58.11 %)
2014	(3.51 %)	(40.45 %)	(58.11 %)
Q1 2015	(3.04 %)	(40.58 %)	(57.73 %)
Q2 2015	2.86 %	(33.65 %)	(51.27 %)
Q3 2015	(5.92 %)	(40.68 %)	(57.76 %)
Q4 2015	(9.01 %)	(41.39 %)	(61.46 %)
2015	(9.01 %)	(41.39 %)	(61.46 %)
Q1 2016	(9.55 %)	(43.18 %)	(64.36 %)
Q2 2016	(10.21 %)	(45.79 %)	(67.72 %)
Q3 2016	(1.78 %)	(41.15 %)	(63.40 %)
Q4 2016	(2.23 %)	(45.46 %)	(69.85 %)
2016	(3.53 %)	(48.64 %)	(73.03 %)
Q1 2017	(3.17 %)	(51.49 %)	(79.40 %)
Q2 2017	(7.20 %)	(62.73 %)	(95.56 %)
Q3 2017	(9.56 %)	(68.06 %)	(103.33 %)
Q4 2017	(6.69 %)	(69.12 %)	(101.11 %)
2017	(6.69 %)	(69.20 %)	(101.11 %)
Q1 2018	(8.10 %)	(73.17 %)	(102.36 %)
Q2 2018	(3.60 %)	(77.72 %)	(104.34 %)
Q3 2018	1.88 %	(85.41 %)	(123.67 %)
Q4 2018	16.06 %	(112.95 %)	(173.91 %)
2018	28.76 %	(113.18 %)	(173.91 %)
Q1 2019	22.70 %	(134.87 %)	(209.26 %)
Q2 2019	25.58 %	(141.58 %)	(229.92 %)
Q3 2019	26.82 %	(135.01 %)	(210.56 %)
Q4 2019	25.13 %	(87.15 %)	(130.39 %)
2019	27.28 %	(87.15 %)	(130.39 %)
Q1 2020	29.74 %	(74.76 %)	(114.98 %)
Q2 2020	33.22 %	(58.39 %)	(93.12 %)
Q3 2020	38.71 %	(47.74 %)	(74.92 %)
Q4 2020	5.75 %	(63.17 %)	(100.50 %)
2020	5.75 %	(63.17 %)	(100.50 %)
Q1 2021	(1.54 %)	(60.54 %)	(93.36 %)
Q2 2021	(6.99 %)	(64.00 %)	(95.96 %)
Q3 2021	(29.75 %)	(83.84 %)	(118.50 %)
Q4 2021	10.02 %	(73.56 %)	(71.84 %)
2021	10.02 %	(73.56 %)	(71.84 %)
Q1 2022	(9.98 %)	(88.16 %)	(47.23 %)
Q2 2022	(1.87 %)	(76.38 %)	(40.29 %)
Q3 2022	(15.17 %)	(89.57 %)	(56.91 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	0.16 %	(35.78 %)	(56.71 %)
2013	0.47 %	(42.73 %)	(63.17 %)
2014	(3.51 %)	(40.45 %)	(58.11 %)
2015	(9.01 %)	(41.39 %)	(61.46 %)
2016	(3.53 %)	(48.64 %)	(73.03 %)
2017	(6.69 %)	(69.20 %)	(101.11 %)
2018	28.76 %	(113.18 %)	(173.91 %)
2019	27.28 %	(87.15 %)	(130.39 %)
2020	5.75 %	(63.17 %)	(100.50 %)
2021	10.02 %	(73.56 %)	(71.84 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	19.38 %	(30.44 %)	(41.56 %)
Q2 2013	(21.64 %)	(46.90 %)	(76.03 %)
Q3 2013	(13.36 %)	(35.97 %)	(55.57 %)
Q4 2013	12.92 %	(57.41 %)	(80.30 %)
Q1 2014	(0.04 %)	(26.59 %)	(45.38 %)
Q2 2014	(22.31 %)	(57.42 %)	(74.74 %)
Q3 2014	5.46 %	(35.83 %)	(61.34 %)
Q4 2014	1.71 %	(44.27 %)	(54.71 %)
Q1 2015	1.30 %	(28.01 %)	(44.99 %)
Q2 2015	3.71 %	(27.57 %)	(46.75 %)
Q3 2015	(34.92 %)	(67.88 %)	(90.31 %)
Q4 2015	(10.82 %)	(47.71 %)	(70.41 %)
Q1 2016	1.73 %	(31.83 %)	(52.49 %)
Q2 2016	4.04 %	(35.27 %)	(57.20 %)
Q3 2016	(1.18 %)	(53.26 %)	(77.71 %)
Q4 2016	(19.79 %)	(75.71 %)	(110.25 %)
Q1 2017	0.36 %	(49.75 %)	(84.13 %)
Q2 2017	(9.63 %)	(77.96 %)	(119.92 %)
Q3 2017	(8.80 %)	(73.12 %)	(103.96 %)
Q4 2017	(10.89 %)	(81.48 %)	(103.17 %)
Q1 2018	(2.32 %)	(57.88 %)	(81.27 %)
Q2 2018	17.00 %	(108.91 %)	(143.27 %)
Q3 2018	22.24 %	(119.45 %)	(232.16 %)
Q4 2018	35.45 %	(184.92 %)	(283.29 %)
Q1 2019	14.75 %	(116.42 %)	(174.16 %)
Q2 2019	28.95 %	(136.10 %)	(227.83 %)
Q3 2019	27.87 %	(105.24 %)	(163.85 %)
Q4 2019	27.39 %	(35.22 %)	(36.94 %)
Q1 2020	33.36 %	(65.71 %)	(107.56 %)
Q2 2020	41.67 %	(43.96 %)	(87.35 %)
Q3 2020	52.26 %	(44.84 %)	(63.98 %)
Q4 2020	(95.44 %)	(95.14 %)	(138.63 %)
Q1 2021	3.37 %	(56.00 %)	(81.15 %)
Q2 2021	19.99 %	(58.15 %)	(98.33 %)
Q3 2021	(44.14 %)	(122.55 %)	(154.24 %)
Q4 2021	55.68 %	(57.30 %)	26.54 %
Q1 2022	(56.58 %)	(106.31 %)	(2.28 %)
Q2 2022	50.29 %	(11.40 %)	(56.88 %)
Q3 2022	(125.18 %)	(203.87 %)	(268.98 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	21.54	(1.90)	(1.90)	15.87
Q2 2013	21.54	(2.18)	(2.18)	15.22
Q3 2013	21.54	(2.17)	(2.17)	14.76
Q4 2013	21.54	(2.27)	(2.27)	14.00
Q1 2014	21.54	(2.35)	(2.35)	13.52
Q2 2014	21.54	(2.34)	(2.34)	12.88
Q3 2014	21.54	(2.37)	(2.37)	12.39
Q4 2014	21.54	(2.16)	(2.16)	11.85
Q1 2015	21.54	(2.19)	(2.19)	11.34
Q2 2015	21.54	(2.00)	(2.00)	10.88
Q3 2015	21.54	(2.29)	(2.29)	10.10
Q4 2015	21.54	(2.38)	(2.38)	9.47
Q1 2016	21.54	(2.34)	(2.34)	8.99
Q2 2016	21.54	(2.34)	(2.34)	8.54
Q3 2016	21.54	(2.01)	(2.01)	8.09
Q4 2016	21.54	(1.95)	(1.95)	7.42
Q1 2017	21.54	(1.91)	(1.91)	7.00
Q2 2017	21.54	(1.89)	(1.89)	6.57
Q3 2017	21.54	(1.80)	(1.80)	6.19
Q4 2017	21.54	(1.90)	(1.67)	5.69
Q1 2018	21.54	(1.75)	(1.52)	5.41
Q2 2018	21.54	(1.63)	(1.40)	5.09
Q3 2018	21.54	(1.66)	(1.44)	4.69
Q4 2018	21.54	(1.73)	(1.73)	3.98
Q1 2019	21.54	(1.88)	(1.88)	3.52
Q2 2019	21.54	(2.04)	(2.04)	3.04
Q3 2019	21.54	(2.10)	(2.10)	2.57
Q4 2019	21.54	(1.53)	(1.53)	2.39
Q1 2020	21.54	(1.62)	(1.62)	1.88
Q2 2020	40.00	(0.84)	(0.84)	8.16
Q3 2020	40.00	(0.74)	(0.74)	8.00
Q4 2020	40.00	(1.02)	(1.03)	7.63
Q1 2021	40.00	(0.98)	(1.00)	7.38
Q2 2021	40.00	(1.00)	(1.01)	7.14
Q3 2021	40.00	(1.31)	(1.32)	6.68
Q4 2021	40.00	(0.85)	(0.85)	6.78
Q1 2022	40.00	(0.62)	(0.62)	6.39
Q2 2022	40.00	(0.55)	(0.55)	7.10
Q3 2022	40.00	(0.75)	(0.75)	6.44

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	21.54	(1.85)	(1.85)	16.28
2013	21.54	(2.27)	(2.27)	14.00
2014	21.54	(2.16)	(2.16)	11.85
2015	21.54	(2.38)	(2.38)	9.47
2016	21.54	(2.04)	(2.04)	7.42
2017	21.54	(1.90)	(1.67)	5.69
2018	21.54	(1.73)	(1.73)	3.98
2019	21.54	(1.53)	(1.53)	2.39
2020	40.00	(1.02)	(1.03)	7.63
2021	40.00	(0.85)	(0.85)	6.78

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	NEG	NEG	9.05
Q2 2013	NEG	NEG	9.44
Q3 2013	NEG	NEG	9.29
Q4 2013	NEG	NEG	10.19
Q1 2014	NEG	NEG	11.13
Q2 2014	NEG	NEG	13.82
Q3 2014	NEG	NEG	15.24
Q4 2014	NEG	NEG	10.76
Q1 2015	NEG	NEG	10.89
Q2 2015	NEG	NEG	9.14
Q3 2015	NEG	NEG	7.77
Q4 2015	NEG	NEG	7.90
Q1 2016	NEG	NEG	6.55
Q2 2016	NEG	NEG	7.07
Q3 2016	NEG	NEG	5.60
Q4 2016	NEG	NEG	8.68
Q1 2017	NEG	NEG	7.39
Q2 2017	NEG	NEG	6.71
Q3 2017	NEG	NEG	8.68
Q4 2017	NEG	NEG	9.11
Q1 2018	NEG	NEG	9.43
Q2 2018	NEG	NEG	8.91
Q3 2018	NEG	NEG	6.34
Q4 2018	NEG	NEG	17.15
Q1 2019	NEG	NEG	15.94
Q2 2019	NEG	NEG	15.61
Q3 2019	NEG	NEG	15.34
Q4 2019	NEG	NEG	18.14
Q1 2020	NEG	NEG	16.33
Q2 2020	NEG	NEG	2.66
Q3 2020	NEG	NEG	6.71
Q4 2020	NEG	NEG	7.19
Q1 2021	NEG	NEG	7.33
Q2 2021	NEG	NEG	8.58
Q3 2021	NEG	NEG	8.44
Q4 2021	NEG	NEG	6.71
Q1 2022	NEG	NEG	6.94
Q2 2022	NEG	NEG	4.78
Q3 2022	NEG	NEG	5.13

Period	P/E	Adjusted P/E	Price/book
2012	NEG	NEG	8.65
2013	NEG	NEG	10.19
2014	NEG	NEG	10.76
2015	NEG	NEG	7.90
2016	NEG	NEG	8.68
2017	NEG	NEG	9.11
2018	NEG	NEG	17.15
2019	NEG	NEG	18.14
2020	NEG	NEG	7.19
2021	NEG	NEG	6.71

Business Segments (Million)

Compared With The

Period	Farm	Retail Sales	Wholesale	Other Sales	Fishes	Shrimp	Shrimp Farm	Others
Q1 2013	-	-	-	-	14.87	1.75	-	4.38
Q2 2013	-	-	-	-	13.38	6.17	-	-
Q3 2013	-	-	-	-	11.56	4.87	-	1.19
Q4 2013	-	-	-	-	14.64	1.52	2.49	1.80
Q1 2014	-	-	-	-	15.94	5.04	-	1.75
Q2 2014	-	-	-	-	14.68	2.09	-	1.66
Q3 2014	-	-	-	-	13.78	2.05	-	1.49
Q4 2014	-	-	-	-	14.87	4.85	-	1.71
Q1 2015	-	-	-	-	16.78	1.84	4.21	1.60
Q2 2015	-	-	-	-	14.94	4.60	-	1.46
Q3 2015	-	-	-	-	13.99	3.31	-	1.38
Q4 2015	-	-	-	-	13.31	4.33	-	1.62
Q1 2016	-	-	-	-	12.28	2.41	3.27	1.53
Q2 2016	-	-	-	-	10.14	8.76	(3.27)	1.25
Q3 2016	-	-	-	-	8.37	2.99	-	1.36
Q4 2016	-	-	-	-	8.12	2.02	-	1.03
Q1 2017	-	-	-	-	7.89	2.15	-	0.92
Q2 2017	-	-	-	-	5.63	1.30	-	0.81
Q3 2017	-	-	-	-	5.55	1.41	-	0.73
Q4 2017	-	-	-	-	6.79	1.34	-	1.03
Q1 2018	-	-	-	-	5.64	0.96	-	0.77
Q2 2018	-	-	-	-	3.56	0.64	-	0.53
Q3 2018	-	-	-	-	2.90	0.47	-	0.39
Q4 2018	-	-	-	-	4.20	0.70	-	0.67
Q1 2019	-	-	-	-	4.13	0.63	-	0.55
Q2 2019	-	-	-	-	3.67	0.66	-	0.14
Q3 2019	-	-	-	-	4.32	1.06	-	0.81
Q4 2019	-	-	-	-	5.72	1.94	-	1.70
Q1 2020	-	-	-	-	3.54	0.74	-	5.96
Q2 2020	-	-	-	-	4.05	0.87	-	5.29
Q3 2020	-	-	-	-	4.02	0.84	-	4.78
Q1 2021	-	8.97	1.54	1.51	-	-	-	-
Q2 2021	-	7.03	2.73	0.04	-	-	-	-
Q3 2021	-	7.38	3.73	0.87	-	-	-	-
Q1 2022	-	7.85	9.13	-	-	-	-	-
Q2 2022	-	5.16	7.11	-	-	-	-	-

Period	Farm	Retail Sales	Wholesale	Other Sales	Fishes	Shrimp	Shrimp Farm	Others
2012	-	-	-	-	53.53	10.43	-	6.39
2013	-	-	-	-	54.45	14.32	2.49	6.28
2014	-	-	-	-	59.26	14.02	-	6.62
2015	-	-	-	-	59.03	18.29	-	6.06
2016	-	-	-	-	38.91	16.18	-	5.17
2017	-	-	-	-	25.86	6.20	-	3.48
2018	-	-	-	-	16.30	2.77	-	2.35
2019	-	-	-	-	17.84	4.29	-	3.20
2020	-	-	-	-	15.64	3.24	-	22.07
2021	-	32.78	14.80	-	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	937.60
Enterprise Value (EV) (M)	946.02
Shares Outstanding ((M))	40.00
EPS ( Riyal) (TTM)	(2.34)
Book Value (BV) ( Riyal)	1.70
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	13.83
Return on Average Assets (%) (TTM)	(37.60 )
Return on Average Equity (%) (TTM)	(73.00 )

Saudi Fisheries Co. (SFICO)

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Saudi Fisheries widens 9M 2022 loss to SAR 49.9 mln; Q3 at SAR 26.4 mln

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Financials (M)

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Profit Performance (Million)

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Per Share Data (Riyal)

Per Share Data (Riyal)

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Saudi Fisheries Co. (SFICO)

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Saudi Fisheries widens 9M 2022 loss to SAR 49.9 mln; Q3 at SAR 26.4 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) Q2 2022

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Saudi Fisheries Co. (SFICO)

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Business Segments (Million)