Earnings Report /
Saudi Arabia

Kayan: Strong sales drives earnings

  • Revenues stood at SAR3.41bn, up 14.6% yoy (+8.6% qoq) and was higher than our estimates of SAR3.10bn

  • Gross profit came in at SAR435mn, down 58.2% yoy (-7.1% qoq) and significantly higher than our estimate of SAR257mn

  • Operating profit stood at SAR246mn, down 72.7% yoy (-19.1% qoq) and is higher than our estimates of SAR97mn

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
28 July 2022
Published bySNB Capital


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