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From: Thabet Shehata
Riyadh direct: Only about 16% of companies listed on the Saudi stock market have announced "Tadawul, "announced its financial results for the second quarter and the first half of 2019, with more than half of the deadline expired.
According to Mubasher's statistics, 27 companies out of a total of 169 companies whose fiscal year ends at the end of December, rely on information provided by the companies.
The Saudi Capital Market Authority (CMA) gives Tadawul companies 30 business days to disclose their quarterly preliminary results and annual results over three months.
And ends at the end of the session on Thursday, 19 statutory deadline meetings for the second quarter of 2019, which will continue until August 21st.
"Mubasher" said the consolidated profits of listed companies fell by 28.4 percent to about 4.6 billion riyals in the second quarter of 2019, compared to 6.46 billion riyals in the same quarter of 2018.
The profits of these companies decreased by 22.5 percent during the first half of this year, to reach 9.2 billion riyals, compared to 11.84 billion riyals for the same period last year. ;last year.
Saudi Telecom
Saudi Telecom leads the best-selling companies after a 16.5% increase in profits in the second quarter of 2019, reaching 2.85 billion riyals, or 61.6% of total announced profits.
The company's net profit rose 11.25 percent in the first six months of this year to 5.6 trillion riyals, compared with 5.03 trillion for the same period in 2018.
Almarai came in second in the list of highest profits, after posting a net profit of 582.5 million SAR for the second quarter of 2019, against 661.4 million SAR for the same quarter. last year, a decrease of 12%.
The company's profits in the first half of this year fell 8.7 percent to 918.6 million riyals, compared with about 1 billion riyals in the first half of 2018.
5 Losing companies
In contrast, Saudi Kayan outperformed five losing companies in the second quarter of 2019 with a net loss of approximately 273 million riyals, compared to a net profit of 878.65 million riyals for the corresponding period.
The company recorded a net loss of SAR 470.6 million for the first half of this year, compared to a net profit of SAR 1.34 billion for the same period of 2018.
Ma & aden came second in terms of the highest loss in the second quarter, with the company announcing a loss of $ 0.75 243.67 Millions, compared to a net profit of 517.76 million riyals in the same quarter of 2018.
The Saudi market is eagerly awaiting the results of large companies such as SABIC, Al Rajhi Bank, National Bank and Saudi Electricity Company.
appointments:
Saudi telecommunications records 29.5% increase in second quarter
Infographic: Details of the financial results of Saudi companies in the first quarter of 2019
Details of the results of Saudi companies in the first quarter of 2019
Infogravik, the top 10 most profitable companies in the Saudi market in the first quarter
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