Dar Almarkabah for Renting Cars Co. reported a net loss of SAR 126,200 for 2023, versus a net profit of SAR 4.5 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 60.04 | 70.98 | 18.2 % |
| Gross Income | 13.78 | 16.41 | 19.1 % |
| Operating Income | 5.44 | 2.68 | (50.8 %) |
| Net Income | 4.64 | (0.13) | (102.7 %) |
| Average Shares | 2.00 | 2.50 | 25.0 % |
| EPS (Riyals) | 2.32 | (0.05) | (102.2 %) |
The company attributed the turn to losses to an increase in general and administrative expenses, which included underwriting and listing expenses, as well as high financing costs as a result of the company's business and activities.
Total shareholders’ equity, no minority interest, stood at SAR 40.51 million by Dec. 31, 2023, compared to SAR 32.76 million a year ago.
Accumulated losses reached SAR 531,860 by Dec. 31, 2023, accounting for 2.12% of the company’s capital.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR /share) |
|
H1 2022 |
29.65 |
2.95 |
1.48 |
|
H2 2022 |
30.39 |
1.51 |
0.75 |
|
H1 2023 |
30.59 |
3.28 |
1.64 |
|
H2 2023 |
40.39 |
3.41 |
1.70 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}