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Saudi Research and Media Group announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,709.8 | 3,046 | 21.79 | ||
| Gross Profit (Loss) | 1,252.8 | 1,082.1 | 15.77 | ||
| Operational Profit (Loss) | 748.1 | 629.4 | 18.86 | ||
| Net Profit (Loss) after Zakat and Tax | 648.8 | 537 | 20.82 | ||
| Total Comprehensive Income | 581.5 | 539 | 7.88 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 2,651.6 | 2,066.5 | 28.31 | ||
| Profit (Loss) per Share | 8.11 | 6.71 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profits for the current year compared to the previous year is mainly due to the increase in the gross profit, resulting mainly from the increase in revenues by 21.8%, noting that the direct costs for the current year increased compared to the previous year mainly due to operating costs of certain projects in line with the announced strategy. In addition to the increase in finance income. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None. |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to conform with the presentation of the current period. |
| Additional Information | The total revenue of the current year is SR 3,709.8 million, compared to SR 3,046.0 million for the previous year, an increase of 21.8%. Total Comprehensive Income of the parent company for the current year is SR 581.5 million compared to SR 539.0 million for the previous year, an increase of 7.9%. The total shareholders’ equity for the parent company (after excluding non-controlling interest) as of 31st of December 2022 is SR 2,651.6 million compared to SR 2,066.5 million as of 31st of December 2021, with an increase of 28.3%. The retained earnings as of 31st of December 2022 is SR 1,569.9 million. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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