68% the share in 10 companies in 2013
103 billion Riyals .. New record for Saudi corporate profits
Saudi companies listed in the stock market profits recorded the highest annual profit in its history at all, raising to about 103 billion riyals during the last year of 2013, compared to 96.6 billion riyals in 2012, a growth rate of 7 per cent, to add a profit worth 6.4 billion riyals. According to a study prepared byunit reports in the newspaper '' economic '', came support President for market profits in 2013 from the telecommunications sector, specifically Saudi Telecom Company, where he contributed to the growth of the sector's profits by 55 per cent growth in consolidated earnings for the market, contributed to " STC " by 42percent of the growth in profits the market in 2013 as the top joint-stock company to grow. Referred to that the total 163 companies listed in the market, has announced 160 company results , while three companies not announced namely Saudi Integrated Telecom due tocanceling its license , the company of the island Takaful , and Arab Insurance for Haddatthma ,grown and consolidated earnings for the market by 27 per cent during the fourth quarter of 2013 , to reach 24.9 billion riyals , compared to 19.6 billion riyals in the same period of 2012 , the companies add 5.2 billion riyals for their profits.
The contribution of the sectors in profits Among the 15 sectors covered by the market , profit grew 12 sectors , while profit fell three other sectors , and was the largest contribution to growth in consolidated earnings for the market during 2013 compared to 2012, from the telecommunications sector , adding 3.5 billion riyals , with a contribution of 55 per cent in earnings growth market , where profits were 11.3 billion riyals in 2012, and rose to 14.8 billion riyals in 2013 , a growth rate of 31 per cent . The main backer of the sectors profits STC after adding 2.7 billion riyals to earnings in 2013. Followed by the construction sector, with a contribution of 20 per cent profit growth in the market, thanks to the profit achieved in 2013 worth 1.2 billion riyals, compared to losses in 2012 of 144 million riyals. This came mainly from reduced MMG losses worth 1.2 billion riyals. The third place was the banking sector, with a contribution of 18 per cent in earnings growth market, having increased its profits to 29.8 billion riyals in 2013, compared to 28.6 billion riyals in 2012, adding 1.1 billion riyals for profit, grewing by 4 per cent.
In fourth place came the petrochemicals industry , with a contribution of 14 per cent in earnings growth market , having increased its profits to 34.8 billion riyals in 2013 , compared to 33.9 billion riyals in 2012, adding 873 riyals for profit , its profits has grown by 3 per cent. The sectors Contributedagriculture, energy, and industrial investment, transport, profit growth in market rates of 8 per cent, and 7 per cent, and 7 per cent, and 6 per cent respectively. Then came the sectors of retail, hotel and tourism, and multi-investment, cement at rates ranging between 1 and 4 per cent. On the other hand, contributed three sectors negatively in profits, and came on top of the insurance sector by 34 percent, to realize losses through 2013 worth 1.3 billionriyals, compared to a profit of 864 million riyals in 2012.This was mainly due to the increase of the number of large companies to the sector of technical reserves. Followed by the negative contribution, the real estate sector increased by 6 per cent, to fall profits worth 356 million riyals, which was 2.2 billion riyals in 2012, while it reached about 1.8 billion riyals in 2013, dropped by 16 per cent. Finally the media sector and Publishing contribution ratenegative 4 percent , where they lost in the sector in 2013 about seven million riyals, compared with a profit of 232 million riyals in 2012.
Joint stock companies in profits for the largest companies in terms of the percentage of their contribution to the growth of the market consolidated earnings during 2013, it was led by Saudi Telecom Company contribution rate of 42 per cent, after it added 2.7 billion riyals to profits, reaching its profits in 2013, about ten billion riyals, compared to about 7.3 billion riyals in 2012.MMG, followed by the contribution of 19 per cent, after the trimmed its losses by more than 1.2 billion riyals, as it made a loss of 127 million riyals in 2013, compared to losses of $ 1.3 billion riyals.Then Mobily contribution rate of 10 per cent, having added 659 million riyals to earnings in 2013 compared to 2012, where profits reached 6.7 billion riyals, compared to six billion riyals. Fourth came Metal Company contribution rate of 9 per cent, after it won 1.7 billion riyals in 2013, compared with a profit of 1.1 billion riyals in 2012.The V and VI came Saudi British bank "SAP", and "Riyadh", a contribution rate of 8 per cent each, where the first added 534 million riyals, and the second 481 million riyals.In ranking the seventh , eighth and ninth , came power companies Arabia , and " SABIC " , and the " entity " , with a contribution of 7 per cent each , where " electricity " 475 million riyals , and " SABIC " 450 million riyals , while trimmed " entity" losses worth 426 million riyals. Accounted earnings top ten companies , about 68 per cent of the profits from the market in 2013 , and led by SABIC worth 25.2 billion riyals , accounted for nearly a quarter of market profits (specifically 24 per cent) , followed by Saudi Telecom Company about tenbillion riyals , equaled 10 percent of the profits from the market.Third came Rajhi Bank profit of 7.4 billion riyals, accounted for 7 per cent of the profits from the market, and fourthly Mobily profit of 6.7 billion riyals, accounted for 6 per cent.In ranking the fifth, sixth and seventh all came from the banking sector, " Samba " and " Riyadh " and " SAP " formed their respective share of 4 per cent of the profits from the market in 2013. At the centers of the eighth, ninth and tenth companies came Safco , and Saudi Electricity , and glides , representedprofits each 3 per cent of the profits from the market. should be noted there are a number of companies with fiscal year different , namely: Fawaz Alhokair , Inc. SADAFCO , and Atheeb Telecom , Inc. Tehama , all of which ends its fiscal year at the end of March this year , while the company of MeccaConstruction Jabal Omar in Islamic calendar .