Al Abdullatif extends loss to SAR 74.8M in 2023; Q4 at SAR 10.8M

31/03/2024 Argaam Exclusive

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Al Abdullatif Industrial Investment Co. widened net losses to SAR 74.8 million in 2023 from SAR 57.9 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	647.50	522.61	(19.3 %)
Gross Income	7.44	(10.85)	(245.9 %)
Operating Income	(37.55)	(47.88)	(27.5 %)
Net Income	(57.87)	(74.79)	(29.2 %)
Average Shares	81.25	81.25	-
EPS (Riyals)	(0.71)	(0.92)	(29.2 %)

The losses were attributed to a 19% year-on-year (YoY) decline in sales on lower demand in European and other markets due to geopolitical situation. In addition, the company noted intense competition, coupled lower capacity utilization due to balancing, modernization & replacement (BMR) of production facilities, which started coming into effect in later part of Q4 2023.

The capacity building will likely result in positive impact on sales revenue in the coming periods.

Meanwhile, the company noted higher cost of sales, general and administration expenses, and financing cost.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	155.02	141.12	(9.0 %)
Gross Income	(6.84)	8.06	217.8 %
Operating Income	(18.92)	(3.50)	81.5 %
Net Income	(26.74)	(10.73)	59.9 %
Average Shares	81.25	81.25	-
EPS (Riyals)	(0.33)	(0.13)	59.9 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	117.69	141.12	19.9 %
Gross Income	(9.45)	8.06	185.2 %
Operating Income	(17.50)	(3.50)	80.0 %
Net Income	(24.30)	(10.73)	55.9 %
Average Shares	81.25	81.25	-
EPS (Riyals)	(0.30)	(0.13)	55.9 %

Net losses narrowed YoY to SAR 10.8 million in Q4 2023, from SAR 26.7 million in Q4 2022.

Compared to Q3 2023, net losses eased in Q4 2023 from SAR 24.30 million.

Shareholders’ equity, no minority interest, reached SAR 1.20 billion as of Dec. 31, 2023, down from SAR 1.28 billion a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	336.82	(6.2 %)	74.99	(14.2 %)	61.54	(14.0 %)
Q2 2014	339.16	(3.0 %)	71.44	(22.4 %)	57.54	(24.8 %)
Q3 2014	309.82	(2.9 %)	64.54	(18.4 %)	51.08	(20.3 %)
Q4 2014	339.26	5.9 %	53.02	(24.7 %)	39.11	(28.0 %)
2014	1,297.74	(3.7 %)	263.99	(19.8 %)	209.92	(23.6 %)
Q1 2015	310.93	(7.7 %)	60.86	(18.8 %)	48.92	(20.5 %)
Q2 2015	306.01	(9.8 %)	75.96	6.3 %	62.56	8.7 %
Q3 2015	238.11	(23.1 %)	39.97	(38.1 %)	29.66	(41.9 %)
Q4 2015	244.22	(28.0 %)	30.96	(41.6 %)	18.21	(53.4 %)
2015	1,099.32	(15.3 %)	207.84	(21.3 %)	159.42	(24.1 %)
Q1 2016	229.10	(26.3 %)	39.66	(34.8 %)	30.41	(37.8 %)
Q2 2016	214.61	(29.9 %)	26.74	(64.8 %)	16.25	(74.0 %)
Q3 2016	134.88	(43.4 %)	17.04	(57.4 %)	7.42	(75.0 %)
Q4 2016	162.22	(33.6 %)	22.59	(27.0 %)	2.97	(83.7 %)
2016	740.81	(32.6 %)	106.03	(49.0 %)	57.06	(64.2 %)
Q1 2017	166.61	(27.3 %)	26.37	(33.5 %)	16.32	(46.3 %)
Q2 2017	182.25	(15.1 %)	27.21	1.8 %	16.81	3.5 %
Q3 2017	98.04	(27.3 %)	14.56	(14.6 %)	6.23	(16.0 %)
Q4 2017	221.51	36.5 %	13.70	(39.3 %)	6.18	107.9 %
2017	668.41	(9.8 %)	81.84	(22.8 %)	45.55	(20.2 %)
Q1 2018	163.57	(1.8 %)	18.32	(30.5 %)	10.46	(35.9 %)
Q2 2018	155.60	(14.6 %)	12.53	(53.9 %)	4.71	(72.0 %)
Q3 2018	147.62	50.6 %	14.42	(0.9 %)	4.81	(22.8 %)
Q4 2018	154.40	(30.3 %)	12.69	(7.4 %)	4.23	(31.6 %)
2018	621.19	(7.1 %)	57.97	(29.2 %)	24.21	(46.9 %)
Q1 2019	168.85	3.2 %	16.43	(10.3 %)	7.11	(32.0 %)
Q2 2019	172.90	11.1 %	18.79	49.9 %	8.83	87.5 %
Q3 2019	133.85	(9.3 %)	12.18	(15.6 %)	4.35	(9.6 %)
Q4 2019	124.91	(19.1 %)	(6.36)	(150.1 %)	(16.69)	(494.7 %)
2019	600.51	(3.3 %)	41.04	(29.2 %)	3.60	(85.1 %)
Q1 2020	133.35	(21.0 %)	5.59	(66.0 %)	(2.09)	(129.3 %)
Q2 2020	81.86	(52.7 %)	(3.53)	(118.8 %)	(10.98)	(224.3 %)
Q3 2020	102.56	(23.4 %)	(2.09)	(117.2 %)	(10.22)	(334.9 %)
Q4 2020	148.33	18.7 %	30.33	577.1 %	16.67	199.9 %
2020	466.09	(22.4 %)	30.30	(26.2 %)	(6.61)	(283.7 %)
Q1 2021	154.10	15.6 %	9.56	71.2 %	0.20	109.4 %
Q2 2021	150.91	84.4 %	17.73	601.8 %	8.47	177.1 %
Q3 2021	156.17	52.3 %	8.02	483.8 %	(6.05)	40.8 %
Q4 2021	180.34	21.6 %	(16.53)	(154.5 %)	(28.76)	(272.5 %)
2021	641.52	37.6 %	18.79	(38.0 %)	(26.14)	(295.4 %)
Q1 2022	181.65	17.9 %	2.90	(69.7 %)	(9.22)	(4778.2 %)
Q2 2022	168.23	11.5 %	10.52	(40.6 %)	(1.13)	(113.4 %)
Q3 2022	142.60	(8.7 %)	0.85	(89.4 %)	(8.28)	(36.9 %)
Q4 2022	155.02	(14.0 %)	(6.84)	58.6 %	(18.92)	34.2 %
2022	647.50	0.9 %	7.44	(60.4 %)	(37.55)	(43.7 %)
Q1 2023	140.28	(22.8 %)	(4.84)	(267.0 %)	(12.92)	(40.2 %)
Q2 2023	123.53	(26.6 %)	(4.62)	(143.9 %)	(13.95)	(1,130.5 %)
Q3 2023	117.69	(17.5 %)	(9.45)	(1210.7 %)	(17.50)	(111.3 %)
Q4 2023	141.12	(9.0 %)	8.06	217.8 %	(3.50)	81.5 %
2023	522.61	(19.3 %)	(10.85)	(245.9 %)	(47.88)	(27.5 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,297.74	(3.7 %)	263.99	(19.8 %)	209.92	(23.6 %)
2015	1,099.32	(15.3 %)	207.84	(21.3 %)	159.42	(24.1 %)
2016	740.81	(32.6 %)	106.03	(49.0 %)	57.06	(64.2 %)
2017	668.41	(9.8 %)	81.84	(22.8 %)	45.55	(20.2 %)
2018	621.19	(7.1 %)	57.97	(29.2 %)	24.21	(46.9 %)
2019	600.51	(3.3 %)	41.04	(29.2 %)	3.60	(85.1 %)
2020	466.09	(22.4 %)	30.30	(26.2 %)	(6.61)	(283.7 %)
2021	641.52	37.6 %	18.79	(38.0 %)	(26.14)	(295.4 %)
2022	647.50	0.9 %	7.44	(60.4 %)	(37.55)	(43.7 %)
2023	522.61	(19.3 %)	(10.85)	(245.9 %)	(47.88)	(27.5 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	59.93	(11.8 %)	0.74	3.75	56.18	0.69
Q2 2014	63.87	(9.6 %)	0.79	10.51	53.37	0.66
Q3 2014	46.27	(29.3 %)	0.57	-	46.27	0.57
Q4 2014	30.34	(51.7 %)	0.37	(4.69)	35.03	0.43
2014	200.41	(24.9 %)	2.47	9.56	190.85	2.35
Q1 2015	45.04	(24.9 %)	0.55	-	45.04	0.55
Q2 2015	54.27	(15.0 %)	0.67	-	54.27	0.67
Q3 2015	27.63	(40.3 %)	0.34	-	27.63	0.34
Q4 2015	12.28	(59.5 %)	0.15	-	12.28	0.15
2015	139.28	(30.5 %)	1.71	-	139.28	1.71
Q1 2016	14.76	(67.2 %)	0.18	(10.11)	24.87	0.31
Q2 2016	12.64	(76.7 %)	0.16	-	12.64	0.16
Q3 2016	1.51	(94.5 %)	0.02	-	1.51	0.02
Q4 2016	(0.26)	(102.1 %)	0.00	-	(0.26)	0.00
2016	28.65	(79.4 %)	0.35	(10.11)	38.75	0.48
Q1 2017	12.18	(17.5 %)	0.15	-	12.18	0.15
Q2 2017	13.59	7.5 %	0.17	-	13.59	0.17
Q3 2017	3.40	125.6 %	0.04	-	3.40	0.04
Q4 2017	6.05	2425.8 %	0.07	6.75	(0.70)	(0.01)
2017	35.21	22.9 %	0.43	6.75	28.46	0.35
Q1 2018	7.27	(40.4 %)	0.09	-	7.27	0.09
Q2 2018	2.84	(79.1 %)	0.03	-	2.84	0.03
Q3 2018	1.72	(49.4 %)	0.02	-	1.72	0.02
Q4 2018	(3.79)	(162.7 %)	(0.05)	-	(3.79)	(0.05)
2018	8.03	(77.2 %)	0.10	-	8.03	0.10
Q1 2019	3.38	(53.4 %)	0.04	-	3.38	0.04
Q2 2019	4.12	45.5 %	0.05	-	4.12	0.05
Q3 2019	2.20	28.0 %	0.03	-	2.20	0.03
Q4 2019	(21.38)	(463.7 %)	(0.26)	-	(21.38)	(0.26)
2019	(11.67)	(245.4 %)	(0.14)	-	(11.67)	(0.14)
Q1 2020	(7.73)	(328.6 %)	(0.10)	-	(7.73)	(0.10)
Q2 2020	(13.03)	(415.9 %)	(0.16)	-	(13.03)	(0.16)
Q3 2020	(12.12)	(650.8 %)	(0.15)	-	(12.12)	(0.15)
Q4 2020	8.05	137.7 %	0.10	-	8.05	0.10
2020	(24.83)	(112.7 %)	(0.31)	-	(24.83)	(0.31)
Q1 2021	(4.38)	43.4 %	(0.05)	-	(4.38)	(0.05)
Q2 2021	5.02	138.5 %	0.06	-	5.02	0.06
Q3 2021	(10.59)	12.6 %	(0.13)	-	(10.59)	(0.13)
Q4 2021	(37.81)	(569.5 %)	(0.47)	-	(37.81)	(0.47)
2021	(47.75)	(92.3 %)	(0.59)	-	(47.75)	(0.59)
Q1 2022	(12.11)	(176.5 %)	(0.15)	-	(12.11)	(0.15)
Q2 2022	(3.45)	(168.7 %)	(0.04)	-	(3.45)	(0.04)
Q3 2022	(15.57)	(47.0 %)	(0.19)	-	(15.57)	(0.19)
Q4 2022	(26.74)	29.3 %	(0.33)	-	(26.74)	(0.33)
2022	(57.87)	(21.2 %)	(0.71)	-	(57.87)	(0.71)
Q1 2023	(20.00)	(65.2 %)	(0.25)	-	(20.00)	(0.25)
Q2 2023	(19.76)	(473.0 %)	(0.24)	-	(19.76)	(0.24)
Q3 2023	(24.30)	(56.0 %)	(0.30)	-	(24.30)	(0.30)
Q4 2023	(10.73)	59.9 %	(0.13)	-	(10.73)	(0.13)
2023	(74.79)	(29.2 %)	(0.92)	-	(74.79)	(0.92)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	200.41	(24.9 %)	2.47	9.56	190.85	2.35
2015	139.28	(30.5 %)	1.71	-	139.28	1.71
2016	28.65	(79.4 %)	0.35	(10.11)	38.75	0.48
2017	35.21	22.9 %	0.43	6.75	28.46	0.35
2018	8.03	(77.2 %)	0.10	-	8.03	0.10
2019	(11.67)	(245.4 %)	(0.14)	-	(11.67)	(0.14)
2020	(24.83)	(112.7 %)	(0.31)	-	(24.83)	(0.31)
2021	(47.75)	(92.3 %)	(0.59)	-	(47.75)	(0.59)
2022	(57.87)	(21.2 %)	(0.71)	-	(57.87)	(0.71)
2023	(74.79)	(29.2 %)	(0.92)	-	(74.79)	(0.92)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	23.88 %	24.76 %	17.63 %
Q2 2014	22.50 %	23.48 %	16.45 %
Q3 2014	21.54 %	22.62 %	15.59 %
Q4 2014	19.92 %	21.13 %	14.40 %
2014	20.34 %	21.62 %	14.71 %
Q1 2015	19.23 %	20.66 %	13.83 %
Q2 2015	20.09 %	21.69 %	14.27 %
Q3 2015	19.24 %	21.29 %	13.56 %
Q4 2015	18.90 %	20.55 %	12.67 %
2015	18.91 %	20.55 %	12.67 %
Q1 2016	18.34 %	20.33 %	11.70 %
Q2 2016	14.83 %	17.28 %	8.36 %
Q3 2016	13.90 %	16.68 %	6.23 %
Q4 2016	14.31 %	16.33 %	5.23 %
2016	14.31 %	16.33 %	5.23 %
Q1 2017	13.67 %	15.64 %	3.84 %
Q2 2017	14.43 %	16.36 %	4.18 %
Q3 2017	14.90 %	16.99 %	4.75 %
Q4 2017	12.24 %	15.84 %	4.26 %
2017	12.24 %	15.84 %	4.26 %
Q1 2018	11.09 %	14.88 %	3.54 %
Q2 2018	9.26 %	13.48 %	2.00 %
Q3 2018	8.57 %	12.19 %	1.61 %
Q4 2018	9.33 %	12.84 %	1.29 %
2018	9.33 %	12.84 %	1.29 %
Q1 2019	8.95 %	12.13 %	0.66 %
Q2 2019	9.68 %	12.35 %	0.84 %
Q3 2019	9.54 %	12.49 %	0.94 %
Q4 2019	6.83 %	9.89 %	(1.94 %)
2019	6.83 %	9.89 %	(1.94 %)
Q1 2020	5.35 %	8.73 %	(4.03 %)
Q2 2020	1.66 %	6.07 %	(8.43 %)
Q3 2020	(1.44 %)	2.95 %	(12.26 %)
Q4 2020	6.50 %	9.56 %	(5.33 %)
2020	6.50 %	9.56 %	(5.33 %)
Q1 2021	7.04 %	9.39 %	(4.41 %)
Q2 2021	9.99 %	11.52 %	(0.62 %)
Q3 2021	10.77 %	11.04 %	(0.31 %)
Q4 2021	2.93 %	3.59 %	(7.44 %)
2021	2.93 %	3.59 %	(7.44 %)
Q1 2022	1.81 %	2.03 %	(8.29 %)
Q2 2022	0.72 %	0.61 %	(9.32 %)
Q3 2022	(0.34 %)	0.32 %	(10.25 %)
Q4 2022	1.15 %	1.68 %	(8.94 %)
2022	1.15 %	1.68 %	(8.94 %)
Q1 2023	(0.05 %)	1.29 %	(10.85 %)
Q2 2023	(2.75 %)	(0.79 %)	(14.62 %)
Q3 2023	(4.80 %)	(2.47 %)	(16.92 %)
Q4 2023	(2.08 %)	0.28 %	(14.31 %)
2023	(2.08 %)	0.28 %	(14.31 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	20.34 %	21.62 %	14.71 %
2015	18.91 %	20.55 %	12.67 %
2016	14.31 %	16.33 %	5.23 %
2017	12.24 %	15.84 %	4.26 %
2018	9.33 %	12.84 %	1.29 %
2019	6.83 %	9.89 %	(1.94 %)
2020	6.50 %	9.56 %	(5.33 %)
2021	2.93 %	3.59 %	(7.44 %)
2022	1.15 %	1.68 %	(8.94 %)
2023	(2.08 %)	0.28 %	(14.31 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	22.26 %	22.93 %	16.68 %
Q2 2014	21.06 %	21.54 %	15.73 %
Q3 2014	20.83 %	21.44 %	14.93 %
Q4 2014	15.63 %	18.64 %	10.33 %
Q1 2015	19.57 %	21.14 %	14.49 %
Q2 2015	24.82 %	25.88 %	17.74 %
Q3 2015	16.79 %	19.36 %	11.61 %
Q4 2015	12.68 %	14.27 %	5.03 %
Q1 2016	17.31 %	20.39 %	10.85 %
Q2 2016	12.46 %	15.08 %	5.89 %
Q3 2016	12.63 %	17.31 %	1.12 %
Q4 2016	13.92 %	11.44 %	(0.16 %)
Q1 2017	15.83 %	19.09 %	7.31 %
Q2 2017	14.93 %	17.54 %	7.45 %
Q3 2017	14.85 %	21.55 %	3.46 %
Q4 2017	6.19 %	9.46 %	(0.32 %)
Q1 2018	11.20 %	15.27 %	4.44 %
Q2 2018	8.05 %	12.23 %	1.82 %
Q3 2018	9.77 %	12.81 %	1.16 %
Q4 2018	8.22 %	10.92 %	(2.46 %)
Q1 2019	9.73 %	12.56 %	2.00 %
Q2 2019	10.87 %	13.04 %	2.39 %
Q3 2019	9.10 %	13.53 %	1.64 %
Q4 2019	(5.09 %)	(1.96 %)	(17.12 %)
Q1 2020	4.19 %	8.36 %	(5.80 %)
Q2 2020	(4.32 %)	2.43 %	(15.92 %)
Q3 2020	(2.04 %)	2.32 %	(11.82 %)
Q4 2020	20.45 %	19.57 %	5.43 %
Q1 2021	6.21 %	8.00 %	(2.84 %)
Q2 2021	11.75 %	13.46 %	3.33 %
Q3 2021	5.14 %	3.58 %	(6.78 %)
Q4 2021	(9.16 %)	(8.41 %)	(20.96 %)
Q1 2022	1.60 %	1.57 %	(6.67 %)
Q2 2022	6.26 %	6.47 %	(2.05 %)
Q3 2022	0.60 %	2.50 %	(10.92 %)
Q4 2022	(4.41 %)	(4.15 %)	(17.25 %)
Q1 2023	(3.45 %)	(0.14 %)	(14.26 %)
Q2 2023	(3.74 %)	(1.12 %)	(16.00 %)
Q3 2023	(8.03 %)	(4.43 %)	(20.65 %)
Q4 2023	5.71 %	5.86 %	(7.60 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	81.25	3.19	2.88	16.09
Q2 2014	81.25	3.10	2.66	15.87
Q3 2014	81.25	2.87	2.51	16.44
Q4 2014	81.25	2.47	2.35	15.32
Q1 2015	81.25	2.28	2.21	15.87
Q2 2015	81.25	2.17	2.22	16.04
Q3 2015	81.25	1.94	1.99	16.38
Q4 2015	81.25	1.71	1.71	15.28
Q1 2016	81.25	1.34	1.47	15.46
Q2 2016	81.25	0.83	0.95	15.02
Q3 2016	81.25	0.51	0.63	15.04
Q4 2016	81.25	0.35	0.48	15.04
Q1 2017	81.25	0.32	0.32	15.21
Q2 2017	81.25	0.33	0.33	14.88
Q3 2017	81.25	0.36	0.36	14.92
Q4 2017	81.25	0.43	0.35	14.94
Q1 2018	81.25	0.37	0.29	15.03
Q2 2018	81.25	0.24	0.16	14.56
Q3 2018	81.25	0.22	0.14	14.58
Q4 2018	81.25	0.10	0.10	14.58
Q1 2019	81.25	0.05	0.05	14.61
Q2 2019	81.25	0.07	0.07	14.41
Q3 2019	81.25	0.07	0.07	14.44
Q4 2019	81.25	(0.14)	(0.14)	14.14
Q1 2020	81.25	(0.28)	(0.28)	14.04
Q2 2020	81.25	(0.49)	(0.49)	13.88
Q3 2020	81.25	(0.67)	(0.67)	13.73
Q4 2020	81.25	(0.31)	(0.31)	13.93
Q1 2021	81.25	(0.26)	(0.26)	13.87
Q2 2021	81.25	(0.04)	(0.04)	13.94
Q3 2021	81.25	(0.02)	(0.02)	13.81
Q4 2021	81.25	(0.59)	(0.59)	13.48
Q1 2022	81.25	(0.68)	(0.68)	13.33
Q2 2022	81.25	(0.79)	(0.79)	13.28
Q3 2022	81.25	(0.85)	(0.85)	16.07
Q4 2022	81.25	(0.71)	(0.71)	15.77
Q1 2023	81.25	(0.81)	(0.81)	15.53
Q2 2023	81.25	(1.01)	(1.01)	15.28
Q3 2023	81.25	(1.12)	(1.12)	14.98
Q4 2023	81.25	(0.92)	(0.92)	14.78

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	81.25	2.47	2.35	15.32
2015	81.25	1.71	1.71	15.28
2016	81.25	0.35	0.48	15.04
2017	81.25	0.43	0.35	14.94
2018	81.25	0.10	0.10	14.58
2019	81.25	(0.14)	(0.14)	14.14
2020	81.25	(0.31)	(0.31)	13.93
2021	81.25	(0.59)	(0.59)	13.48
2022	81.25	(0.71)	(0.71)	15.77
2023	81.25	(0.92)	(0.92)	14.78

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	13.47	14.91	2.67
Q2 2014	13.70	15.95	2.68
Q3 2014	16.70	19.10	2.91
Q4 2014	13.52	14.20	2.18
Q1 2015	17.04	17.59	2.45
Q2 2015	18.55	18.07	2.50
Q3 2015	17.83	17.31	2.11
Q4 2015	17.48	17.48	1.96
Q1 2016	13.39	12.26	1.16
Q2 2016	21.12	18.37	1.17
Q3 2016	25.09	20.15	0.85
Q4 2016	43.76	32.35	1.03
Q1 2017	45.42	45.42	0.96
Q2 2017	38.10	38.10	0.85
Q3 2017	39.29	39.29	0.94
Q4 2017	31.17	38.56	0.90
Q1 2018	35.08	45.14	0.87
Q2 2018	52.38	80.02	0.87
Q3 2018	51.39	82.59	0.77
Q4 2018	More than 100	More than 100	0.76
Q1 2019	More than 100	More than 100	0.81
Q2 2019	More than 100	More than 100	0.79
Q3 2019	More than 100	More than 100	0.81
Q4 2019	NEG	NEG	0.85
Q1 2020	NEG	NEG	0.63
Q2 2020	NEG	NEG	0.73
Q3 2020	NEG	NEG	1.09
Q4 2020	NEG	NEG	1.10
Q1 2021	NEG	NEG	1.38
Q2 2021	NEG	NEG	2.68
Q3 2021	NEG	NEG	2.52
Q4 2021	NEG	NEG	2.19
Q1 2022	NEG	NEG	1.83
Q2 2022	NEG	NEG	1.33
Q3 2022	NEG	NEG	1.09
Q4 2022	NEG	NEG	0.99
Q1 2023	NEG	NEG	1.11
Q2 2023	NEG	NEG	1.23
Q3 2023	NEG	NEG	1.15
Q4 2023	NEG	NEG	1.13

Period	P/E	Adjusted P/E	Price/book
2014	13.52	14.20	2.18
2015	17.47	17.47	1.96
2016	43.77	32.35	1.03
2017	31.17	38.56	0.90
2018	More than 100	More than 100	0.76
2019	NEG	NEG	0.85
2020	NEG	NEG	1.10
2021	NEG	NEG	2.19
2022	NEG	NEG	0.99
2023	NEG	NEG	1.13

Business Segments (Million)

Compared With The

Period	Carpets & Rugs and affiliate products	Blankets Sector
Q1 2015	286.09	24.83
Q2 2015	295.47	10.54
Q3 2015	229.65	8.47
Q4 2015	214.14	30.14
Q1 2016	212.62	16.49
Q2 2016	201.70	7.87
Q3 2016	132.35	7.56
Q4 2016	148.75	13.47
Q1 2017	156.81	9.81
Q2 2017	175.48	6.77
Q3 2017	85.82	12.22
Q4 2017	192.47	29.04
Q1 2018	147.18	16.39
Q2 2018	138.69	16.92
Q3 2018	136.13	11.49
Q4 2018	136.46	17.94
Q1 2019	152.59	16.26
Q2 2019	157.88	15.02
Q3 2019	119.17	14.68
Q4 2019	100.35	24.57
Q1 2020	115.17	18.18
Q2 2020	67.24	14.62
Q3 2020	95.37	7.19
Q4 2020	125.66	22.67
Q1 2021	140.62	13.49
Q2 2021	141.67	9.23
Q3 2021	141.50	14.67
Q4 2021	148.77	31.57
Q1 2022	156.94	24.71
Q2 2022	151.79	16.44
Q3 2022	123.46	19.15
Q4 2022	122.97	32.05
Q1 2023	114.63	25.65
Q2 2023	111.51	12.02
Q3 2023	109.58	8.10
Q4 2023	116.93	24.19

Period	Carpets & Rugs and affiliate products	Blankets Sector
2014	1,221.17	76.57
2015	1,025.35	73.97
2016	695.42	45.40
2017	610.58	57.83
2018	558.46	62.73
2019	529.98	70.52
2020	403.43	62.67
2021	572.56	68.96
2022	555.15	92.35
2023	452.66	69.95

Financial Ratios

	Current
Market Cap (M Riyal)	1,262.63
Enterprise Value (EV) (M)	1,447.74
Shares Outstanding ((M))	81.25
EPS ( Riyal) (TTM)	(0.29)
Book Value (BV) ( Riyal)	14.63
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.06
Return on Average Assets (%) (TTM)	(1.48 )
Return on Average Equity (%) (TTM)	(1.92 )

ARTEX Industrial Investment Co. (ARTEX)

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Al Abdullatif extends loss to SAR 74.8M in 2023; Q4 at SAR 10.8M

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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) 2023 Q4

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ARTEX Industrial Investment Co. (ARTEX)

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Al Abdullatif extends loss to SAR 74.8M in 2023; Q4 at SAR 10.8M

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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 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

ARTEX Industrial Investment Co. (ARTEX)

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Business Segments (Million)