Fitaihi turns to loss of SAR 17.2 mln in 2022; Q4 at SAR 13.3 mln

22/03/2023 Argaam Exclusive

Fitaihi Holding Group swung to a net loss of SAR 17.2 million for 2022, against a net profit of SAR 149.6 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 52.67 53.35 1.3 %
Gross Income 4.97 19.42 290.9 %
Operating Income (24.77) (4.41) 82.2 %
Net Income 149.64 (31.87) (121.3 %)
Average Shares 275.00 275.00 -
EPS (Riyals) 0.54 (0.12) (121.3 %)

The jewelry manufacturer incurred a loss from its share in an associate during 2022 at SAR 24.8 million, against a profit of SAR 24.5 million in 2021.

 

It also recorded one-off, non-recurring capital gains from selling shares of an associate at SAR 125.7 million in 2021, and one-off, non-recurring gains from selling unused property for SAR 13.8 million in 2021.

 

Fitaihi recorded SAR 1.2 million non-recurring gains from investment valuation at fair value through profit or loss in 2021.

 

On the other hand, gross profit from sales surged to SAR 19.4 million in 2022, from SAR 4.9 million a year earlier. Selling and distribution expenses, general and administrative expenses (G&A) and other charges dropped by 22.3% year-on-year in the 12-month period to SAR 23.7 million.

 

Zakat charges dropped 34.6% YoY to SAR 3.4 million in 2022. Fitaihi reported a rise of 0.7% YoY in dividends from equity instruments at fair value through comprehensive income during 2022, to SAR 15.3 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 15.57 9.27 (40.5 %)
Gross Income (11.25) 4.06 136.1 %
Operating Income (17.85) (1.47) 91.7 %
Net Income (4.40) (27.93) (535.2 %)
Average Shares 275.00 275.00 -
EPS (Riyals) (0.02) (0.10) (535.2 %)

In Q4 2022, net loss widened to SAR 13.3 million, from SAR 4.40 million in Q4 2021.

 

The fourth-quarter net loss narrowed by 35.9% from SAR 20.77 million in Q3 2022.

 

Shareholders’ equity, no minority interest, dropped to SAR 460.28 million as of Dec. 31, 2022, from SAR 507.53 million a year earlier.

View More Financial Results

 

View other reports

Share Price

Fitaihi Holding Group
4.04
0.00 0.00 %

Fitaihi Holding Group (FITAIHI GROUP)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,111.00
Enterprise Value (EV) (M) 1,099.15
Shares Outstanding ((M)) 275.00
EPS ( Riyal) (TTM) 0.04
Book Value (BV) ( Riyal) 1.71
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.36
Return on Average Assets (%) (TTM) 2.5
Return on Average Equity (%) (TTM) 2.6
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2013 66.80 (1.9 %) 32.75 (6.4 %) 10.15 (32.7 %)
Q2 2013 64.40 4.4 % 35.32 8.2 % 11.64 12.5 %
Q3 2013 63.50 9.6 % 33.59 13.9 % 7.84 3.0 %
Q4 2013 54.70 (17.5 %) 21.82 (18.1 %) 0.12 (98.3 %)
Q1 2014 74.78 11.9 % 36.69 12.1 % 10.38 2.2 %
Q2 2014 74.71 16.0 % 36.54 3.5 % 8.63 (25.9 %)
Q3 2014 77.36 21.8 % 37.59 11.9 % 6.16 (21.4 %)
Q4 2014 71.61 30.9 % 32.08 47.0 % 3.28 2629.2 %
Q1 2015 68.94 (7.8 %) 33.65 (8.3 %) 7.00 (32.5 %)
Q2 2015 72.01 (3.6 %) 35.82 (2.0 %) 8.17 (5.4 %)
Q3 2015 56.72 (26.7 %) 27.80 (26.0 %) (4.47) (172.6 %)
Q4 2015 65.89 (8.0 %) 30.15 (6.0 %) (0.01) (100.3 %)
Q1 2016 48.34 (29.9 %) 24.29 (27.8 %) (2.08) (129.7 %)
Q2 2016 61.36 (14.8 %) 28.73 (19.8 %) 1.07 (86.9 %)
Q3 2016 37.24 (34.3 %) 18.57 (33.2 %) (5.12) (14.4 %)
Q4 2016 48.42 (26.5 %) 18.63 (38.2 %) (16.69) (166,810.0 %)
Q1 2017 51.08 5.7 % 21.23 (12.6 %) (0.01) 99.3 %
Q2 2017 50.50 (17.7 %) 22.66 (21.1 %) 0.26 (75.8 %)
Q3 2017 19.30 (48.2 %) 9.51 (48.8 %) (9.56) (86.8 %)
Q4 2017 33.97 (29.9 %) 15.42 (17.2 %) (23.08) (38.3 %)
Q1 2018 28.78 (43.7 %) 12.51 (41.1 %) (3.04) (21,642.9 %)
Q2 2018 36.80 (27.1 %) 17.20 (24.1 %) (0.84) (423.8 %)
Q3 2018 19.97 3.5 % 9.86 3.6 % (4.45) 53.4 %
Q4 2018 29.47 (13.2 %) 13.43 (12.9 %) (12.67) 45.1 %
Q1 2019 21.14 (26.6 %) 7.79 (37.7 %) (1.12) 63.1 %
Q2 2019 17.97 (51.2 %) 7.85 (54.3 %) (1.87) (122.6 %)
Q3 2019 11.57 (42.1 %) 5.71 (42.1 %) (2.97) 33.3 %
Q4 2019 20.55 (30.3 %) 8.04 (40.1 %) (0.43) 96.6 %
Q1 2020 18.02 (14.7 %) 8.50 9.2 % (3.24) (187.8 %)
Q2 2020 9.38 (47.8 %) 0.86 (89.1 %) (5.71) (204.7 %)
Q3 2020 9.92 (14.3 %) 4.84 (15.1 %) (1.54) 48.0 %
Q4 2020 15.93 (22.5 %) 7.04 (12.5 %) (1.61) (275.5 %)
Q1 2021 13.71 (24.0 %) 6.09 (28.4 %) (1.71) 47.2 %
Q2 2021 13.95 48.6 % 6.11 614.3 % (1.71) 70.1 %
Q3 2021 9.45 (4.7 %) 4.02 (16.9 %) (3.50) (126.8 %)
Q4 2021 15.57 (2.3 %) (11.25) (259.9 %) (17.85) (1,010.8 %)
Q1 2022 23.29 69.9 % 4.98 (18.2 %) (1.39) 18.9 %
Q2 2022 12.82 (8.1 %) 6.44 5.5 % 0.41 123.9 %
Q3 2022 7.98 (15.6 %) 3.94 (2.0 %) (1.96) 44.0 %
Q4 2022 9.27 (40.5 %) 4.06 136.1 % (1.47) 91.7 %
2022 53.35 1.3 % 19.42 290.9 % (4.41) 82.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2013 19.32 8.9 % 0.07 - 19.32 0.07
Q2 2013 11.86 1.5 % 0.04 - 11.86 0.04
Q3 2013 5.21 (19.1 %) 0.02 - 5.21 0.02
Q4 2013 (0.67) 62.4 % 0.00 5.64 (6.31) (0.02)
Q1 2014 24.13 24.9 % 0.09 0.17 23.96 0.09
Q2 2014 24.45 106.2 % 0.09 13.54 10.92 0.04
Q3 2014 12.83 146.4 % 0.05 2.53 10.30 0.04
Q4 2014 8.73 1411.3 % 0.03 - 8.73 0.03
Q1 2015 16.79 (30.4 %) 0.06 - 16.79 0.06
Q2 2015 21.54 (11.9 %) 0.08 - 21.54 0.08
Q3 2015 9.72 (24.3 %) 0.04 - 9.72 0.04
Q4 2015 (7.49) (185.7 %) (0.03) (11.59) 4.10 0.01
Q1 2016 (30.20) (279.8 %) (0.11) (32.32) 2.12 0.01
Q2 2016 26.31 22.1 % 0.10 (18.26) 44.56 0.16
Q3 2016 3.14 (67.7 %) 0.01 (2.28) 5.43 0.02
Q4 2016 (17.85) (138.4 %) (0.06) - (17.85) (0.06)
Q1 2017 11.94 139.5 % 0.04 3.50 8.44 0.03
Q2 2017 13.11 (50.2 %) 0.05 0.68 12.43 0.05
Q3 2017 (4.62) (246.9 %) (0.02) 0.32 (4.94) (0.02)
Q4 2017 (19.73) (10.5 %) (0.07) 0.03 (19.76) (0.07)
Q1 2018 1.50 (87.5 %) 0.01 - 1.50 0.01
Q2 2018 13.63 3.9 % 0.05 - 13.63 0.05
Q3 2018 (0.15) 96.7 % 0.00 - (0.15) 0.00
Q4 2018 (7.20) 63.5 % (0.03) - (7.20) (0.03)
Q1 2019 5.56 271.5 % 0.02 - 5.56 0.02
Q2 2019 7.45 (45.3 %) 0.03 - 7.45 0.03
Q3 2019 2.18 1515.6 % 0.01 - 2.18 0.01
Q4 2019 (24.73) (243.5 %) (0.09) (24.84) 0.11 0.00
Q1 2020 (2.42) (143.5 %) (0.01) (0.69) (1.72) (0.01)
Q2 2020 (16.87) (326.3 %) (0.06) (5.32) (11.55) (0.04)
Q3 2020 38.06 1645.9 % 0.14 31.20 6.87 0.02
Q4 2020 11.22 145.4 % 0.04 9.50 1.73 0.01
Q1 2021 130.11 5487.4 % 0.47 125.70 4.40 0.02
Q2 2021 17.01 200.8 % 0.06 - 17.01 0.06
Q3 2021 6.92 (81.8 %) 0.03 3.79 3.14 0.01
Q4 2021 (4.40) (139.2 %) (0.02) 10.00 (14.40) (0.05)
Q1 2022 7.65 (94.1 %) 0.03 - 7.65 0.03
Q2 2022 9.19 (46.0 %) 0.03 - 9.19 0.03
Q3 2022 (20.77) (400.0 %) (0.08) - (20.77) (0.08)
Q4 2022 (27.93) (535.2 %) (0.10) - (27.93) (0.10)
2022 (31.87) (121.3 %) (0.12) - (31.87) (0.12)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 48.08 % 18.62 % 16.57 %
Q2 2013 48.63 % 18.83 % 16.46 %
Q3 2013 49.16 % 18.46 % 15.64 %
Q4 2013 49.51 % 16.17 % 12.06 %
Q1 2014 49.51 % 15.89 % 13.49 %
Q2 2014 48.06 % 14.32 % 12.62 %
Q3 2014 47.12 % 13.07 % 13.81 %
Q4 2014 47.88 % 14.12 % 18.06 %
Q1 2015 47.80 % 13.64 % 15.97 %
Q2 2015 47.99 % 13.73 % 19.78 %
Q3 2015 48.03 % 10.77 % 21.09 %
Q4 2015 48.34 % 9.88 % 19.79 %
Q1 2016 48.59 % 6.73 % 15.43 %
Q2 2016 47.77 % 4.01 % 26.04 %
Q3 2016 47.80 % 4.48 % 26.41 %
Q4 2016 46.18 % (1.77 %) 17.54 %
Q1 2017 44.00 % (0.59 %) 20.48 %
Q2 2017 43.31 % (0.96 %) 4.51 %
Q3 2017 42.55 % (3.80 %) (1.13 %)
Q4 2017 44.44 % (5.68 %) (2.47 %)
Q1 2018 45.34 % (10.05 %) (8.13 %)
Q2 2018 45.98 % (11.61 %) (8.06 %)
Q3 2018 46.01 % (8.52 %) (4.01 %)
Q4 2018 46.08 % (2.88 %) 6.76 %
Q1 2019 44.96 % (0.17 %) 11.02 %
Q2 2019 43.96 % (2.18 %) 6.39 %
Q3 2019 43.39 % 1.53 % 9.97 %
Q4 2019 41.26 % 11.05 % 21.48 %
Q1 2020 44.20 % 7.19 % 11.77 %
Q2 2020 38.82 % 0.52 % (18.46 %)
Q3 2020 38.43 % (1.33 %) (10.88 %)
Q4 2020 39.88 % 9.90 % (8.78 %)
Q1 2021 38.46 % 11.06 % 2.96 %
Q2 2021 45.00 % 14.48 % 56.07 %
Q3 2021 43.85 % 10.82 % 49.54 %
Q4 2021 9.43 % (37.21 %) 19.27 %
Q1 2022 6.20 % (32.20 %) 21.52 %
Q2 2022 6.86 % (30.54 %) 9.13 %
Q3 2022 6.90 % (29.88 %) (30.73 %)
Q4 2022 36.41 % (3.65 %) (59.73 %)
2022 36.41 % (3.65 %) (59.73 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 275.00 0.13 0.15 2.30
Q2 2013 275.00 0.13 0.15 2.33
Q3 2013 275.00 0.13 0.15 2.47
Q4 2013 275.00 0.13 0.11 2.55
Q1 2014 275.00 0.15 0.13 2.56
Q2 2014 275.00 0.19 0.12 2.64
Q3 2014 275.00 0.22 0.14 2.70
Q4 2014 275.00 0.26 0.20 2.74
Q1 2015 275.00 0.23 0.17 2.69
Q2 2015 275.00 0.22 0.21 2.79
Q3 2015 275.00 0.21 0.21 2.78
Q4 2015 275.00 0.15 0.19 2.70
Q1 2016 275.00 (0.02) 0.14 2.38
Q2 2016 275.00 (0.01) 0.22 2.46
Q3 2016 275.00 (0.03) 0.20 2.54
Q4 2016 275.00 (0.07) 0.12 2.48
Q1 2017 275.00 0.09 0.15 2.61
Q2 2017 275.00 0.04 0.03 2.64
Q3 2017 275.00 0.01 (0.01) 2.64
Q4 2017 275.00 0.00 (0.01) 2.49
Q1 2018 275.00 (0.04) (0.04) 2.49
Q2 2018 275.00 (0.03) (0.03) 2.38
Q3 2018 275.00 (0.02) (0.02) 2.34
Q4 2018 275.00 0.03 0.03 2.30
Q1 2019 275.00 0.04 0.04 2.35
Q2 2019 275.00 0.02 0.02 2.31
Q3 2019 275.00 0.03 0.03 2.28
Q4 2019 275.00 (0.03) 0.06 2.21
Q1 2020 275.00 (0.06) 0.03 2.13
Q2 2020 275.00 (0.15) (0.04) 2.07
Q3 2020 275.00 (0.02) (0.02) 2.24
Q4 2020 275.00 0.11 (0.02) 2.28
Q1 2021 275.00 0.59 0.01 2.74
Q2 2021 275.00 0.71 0.11 2.86
Q3 2021 275.00 0.60 0.10 1.91
Q4 2021 275.00 0.54 0.04 1.85
Q1 2022 275.00 0.10 0.05 1.80
Q2 2022 275.00 0.07 0.02 1.69
Q3 2022 275.00 (0.03) (0.07) 1.61
Q4 2022 275.00 (0.12) (0.12) 1.62

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 20.35 17.33 1.15
Q2 2013 19.79 16.87 1.11
Q3 2013 20.97 17.78 1.07
Q4 2013 21.90 26.00 1.12
Q1 2014 21.84 25.49 1.26
Q2 2014 19.69 30.97 1.44
Q3 2014 19.40 30.32 1.59
Q4 2014 13.87 18.04 1.29
Q1 2015 18.14 24.38 1.54
Q2 2015 19.35 20.21 1.51
Q3 2015 15.01 15.01 1.11
Q4 2015 17.35 13.50 0.95
Q1 2016 NEG 17.84 1.02
Q2 2016 NEG 12.36 1.11
Q3 2016 NEG 8.95 0.72
Q4 2016 NEG 17.98 0.90
Q1 2017 25.15 14.59 0.82
Q2 2017 56.47 69.10 0.80
Q3 2017 More than 100 NEG 0.86
Q4 2017 More than 100 NEG 0.86
Q1 2018 NEG NEG 0.81
Q2 2018 NEG NEG 0.88
Q3 2018 NEG NEG 0.85
Q4 2018 65.32 65.32 0.80
Q1 2019 44.32 44.32 0.81
Q2 2019 92.87 92.87 0.83
Q3 2019 65.75 65.75 0.84
Q4 2019 NEG 35.21 0.89
Q1 2020 NEG 53.92 0.74
Q2 2020 NEG NEG 0.85
Q3 2020 NEG NEG 1.51
Q4 2020 27.75 NEG 1.33
Q1 2021 9.02 More than 100 1.95
Q2 2021 8.52 55.80 2.13
Q3 2021 8.95 56.31 2.81
Q4 2021 7.49 More than 100 2.21
Q1 2022 40.72 82.61 2.23
Q2 2022 42.74 More than 100 1.79
Q3 2022 NEG NEG 1.94
Q4 2022 NEG NEG 1.84

Business Segments (Million)

Compared With The
Period Business Activities Investment activity

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request