Monitoring .. the most important figures of the results of Saudi companies in 2018

Special report - Amazon:

164 Saudi companies listed on the Saudi market announced their financial results for the year 2018, out of a total of 168 companies, whose fiscal year ends at the end of December of the Gregorian year.

It ended at the end of last March, the regulatory deadline granted to companies to disclose their financial results for the year 2018, which lasted for 3 months.

semi-stabilizer

According to a monitoring prepared by Namazone, the consolidated profits of the Saudi listed companies came almost stable in 2018, compared to net profits in 2017.

Profits rose slightly last year to about 105 billion riyals, equivalent to 28 billion dollars, compared to about 103 billion riyals, equivalent to 27.5 billion dollars, during 2017, an increase of 1.7%. At the level of the fourth quarter, these companies recorded net profits of 17 billion riyals ($ 4.53 billion) in the fourth quarter of 2018, compared to 15.6 billion riyals ($ 4.16 billion) for the same period in 2017, up 8%.

SABIC in the lead

Saudi Basic Industries Corporation, SABIC, came in the lead, as usual, in terms of higher profits, whether at the level of annual results or the fourth quarter.

The company announced a net profit of 21.5 billion riyals, compared to 18.4 billion riyals for the year 2017, with a growth in profits of 17%.

The company said that the increase in net profits during the year 2018 compared to the previous year, is due to the increase in the average prices of selling products and the increase in sold quantities.