Riyadh – Mubasher: Saudi Industrial Investment Group (SIIG) turned to net losses after Zakat and tax worth SAR 242 million in the first quarter (Q1) of 2023.
The incurred losses were against net profits valued at SAR 235 million in Q1-22, according to the interim income statements.
Loss per share amounted to SAR 0.32 in the first three months (3M) of 2023, versus earnings per share (EPS) worth SAR 0.52 during the January-March 2022 period.
On a quarterly basis, the Q1-23 net losses after Zakat and tax plummeted by 18.24% from SAR 296 million in Q4-22.
During the 12-month period that ended on 31 December 2022, SIIG posted a 75.62% year-on-year (YoY) plunge in net profit after Zakat and tax to SAR 277 million from SAR 1.13 billion.
