Income Statement Summary
Company Performance
Mn SAR Year ending December 31
Percentage Change
ARDCO’s performance during 2023 was achieved through sustainable growth in our revenues from operational activities , as well as the optimal utilization of our assets
All amounts in millions unless stated otherwise
2022
2023
Operating & Other Revenues
38% 23% 58% -49% -7% 54% -10%
281 158 123 190 313
389
Summary of 2023 Financial Results
Total Costs
195
Total Operating Profit & Other Income Share from Associate Companies Profits
194
Revenues from Centers & Murabaha (Mn SAR)
Costs of operating activities (Mn SAR)
97
Income before Zakat
291
Zakat
13
20
389
126
281
Net Income
300
271
92
2022 2023
2022 2023
General and administrative expenses (Mn SAR)
Operating profit (Mn SAR)
194
67 69
123
2022 2023
2022 2023
Tanal Profits (Mn SAR)
Net profit (Mn SAR)
300
271
190
97
2022 2023
2022 2023
27
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