trending Market Intelligence /marketintelligence/en/news-insights/trending/-ftiT67KioNgYLvoo_AGEQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Saudi Industrial Development swings to loss in Q1

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?


Saudi Industrial Development swings to loss in Q1

Saudi Industrial Development Co. said its first-quarter normalized net income amounted to a loss of 4 halalas per share, compared with 9 halalas per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.6 million riyals, compared with income of 3.7 million riyals in the year-earlier period.

The normalized profit margin declined to negative 1.4% from 4.7% in the year-earlier period.

Total revenue decreased 15.0% year over year to 67.2 million riyals from 79.0 million riyals, and total operating expenses declined year over year to 69.8 million riyals from 73.4 million riyals.

Reported net income came to a loss of 9.6 million riyals, or a loss of 24 halalas per share, compared to income of 4.7 million riyals, or 12 halalas per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 3.75 Saudi Arabian riyals.