A total of 28 Tadawul-listed companies disclosed Q1 2024 financial results today, May 19.
Sixteen market players posted a profit rise, while eight recorded lower earnings. Meanwhile, four firms incurred losses, as follows:
Financial Results of Announced Companies (Million Riyal)
The official deadline for the disclosure of Q1 2024 financials is May 19.
Distribution of Financial Results of Announced companies by sector
Sector
Number of sector companies
No. of disclosing companies
Companies with growth in income
Companies with a decreasing income
Companies incurring losses
Banks
10
10
10
–
–
Petrochemical Industries
12
11
3
3
5
Cement
15
12
10
2
–
Retail
34
26
17
8
1
Energy & Utilities
9
9
5
3
1
Electricity
1
1
1
–
–
Agriculture and Food Industries
21
16
11
3
1
Telecom & IT
9
6
5
1
–
Health care
2
1
1
–
–
Insurance
26
26
15
8
3
Multi-Investment
7
5
1
–
4
Industrial investment
17
16
11
3
2
Building & Construction
17
10
8
1
1
Real Estate Development
12
10
6
2
2
Transportation
8
8
4
3
1
Media and Publishing
6
4
2
1
1
Hotels & Tourism
3
3
2
1
–
Industry
1
–
–
–
–
REITS
18
–
–
–
–
Services
6
2
2
–
–
Derivatives
4
–
–
–
–
Index Funds
11
–
–
–
–
Total
249
176
114
39
22
The aggregate profit of the companies that disclosed their results, including Saudi Aramco, dropped nearly 8% year-on-year (YoY) to SAR 135 billion by the end of the first three months of this year.
Accumulative Results –Net Income Sector Statistics
Sector
Number of sector companies
No. of disclosing companies
2023-3m
2024-3m
Change
Banks
10
10
17,237.59
18,646.27
8.17 %
Petrochemical Industries
12
11
(55.68)
(695.33)
(1148.91 %)
Cement
15
12
580.45
681.13
17.35 %
Retail
34
26
2,070.56
2,327.32
12.40 %
Energy & Utilities
9
9
117,218.51
103,107.61
(12.04 %)
Electricity
1
1
124.92
171.00
36.89 %
Agriculture and Food Industries
21
16
1,611.34
1,658.23
2.91 %
Telecom & IT
9
6
5,364.98
4,718.46
(12.05 %)
Health care
2
1
84.40
102.97
22.00 %
Insurance
26
26
605.51
910.53
50.37 %
Multi-Investment
7
5
(27.06)
17.27
163.82 %
Industrial investment
17
16
659.18
1,362.14
106.64 %
Building & Construction
17
10
106.70
741.67
595.11 %
Real Estate Development
12
10
433.97
212.22
(51.10 %)
Transportation
8
8
754.44
840.28
11.38 %
Media and Publishing
6
4
119.93
235.56
96.42 %
Hotels & Tourism
3
3
23.20
56.26
142.52 %
Industry
1
–
–
–
–
REITS
18
–
–
–
–
Services
6
2
112.94
227.93
101.82 %
Derivatives
4
–
–
–
–
Index Funds
11
–
–
–
–
Total
249
176
147,025.88
135,321.52
(7.96 %)
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