Shaker Group reports full-year revenue growth of 14.1%; net loss narrows by 74.8%

Material impact of Breakthrough Program turnaround strategy demonstrated by results 12-month gross profit of SAR 165.6 million improved by 65.8% year-on-year 12-month revenue of SAR 882.8 million improved by 14.1% from 2018 12-month net loss narrowed by 74.8% to SAR 49.8 million Earnings per share improved to loss of SAR 0.79, from SAR 3.12 in …

Shaker Group reports full-year revenue growth of 14.1%; net loss narrows by 74.8% Read More »

Correcting announcement from Al Hassan Ghazi Ibrahim Shaker Co. in regards to its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

ELEMENT LIST EXPLANATION Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2019-11-06 Corresponding to 1441-03-09 Incorrect statements in the previous announcement losses per share for current period -67 and for similar period for previous year -162 Correct Statement losses per share for current period -0.67 and for similar period for …

Correcting announcement from Al Hassan Ghazi Ibrahim Shaker Co. in regards to its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months ) Read More »

Al Hassan Ghazi Ibrahim Shaker Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 247,842 173,980 42.454 253,531 -2.243 Gross Profit (Loss) 49,053 27,292 79.733 48,282 1.596 Operational Profit (Loss) -6,158 -31,188 -80.255 -5,833 5.571 Net Profit (Loss) after Zakat and Tax -6,656 -46,782 -85.772 -9,938 -33.024 Total Comprehensive Income -6,708 -46,782 -85.661 -10,831 …

Al Hassan Ghazi Ibrahim Shaker Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months ) Read More »

SHAKER GROUP SHOWCASES LATEST INNOVATIONS IN LG ENERGY-EFFICIENT SOLUTIONS AT HVAC R EXPO SAUDI

Shaker Group is participating in the Saudi Air Conditioning Exhibition (HVAC R EXPO) in Jeddah during January 14-16 2018, in recognition of its leading position in the Air Conditioning industry for more than 65 years of collective expertise. Shaker’s contribution in HVAC Exhibition reflects its enthusiasm to keenly participate in the vital economic activities that …

SHAKER GROUP SHOWCASES LATEST INNOVATIONS IN LG ENERGY-EFFICIENT SOLUTIONS AT HVAC R EXPO SAUDI Read More »

LG and Shaker Advances their Air Conditioning Academy In Saudi Arabia

Shaker Group, the sole distributor for LG Air Conditioners in Saudi Arabia, has inaugurated the expansion and advancement of its integrated LG Air Conditioning Academy. The Academy, funded by LG Air Conditioners, was announced at Shaker’s premises in Riyadh and attended by LG & Shaker top management and representatives. The Academy embraces a wide range …

LG and Shaker Advances their Air Conditioning Academy In Saudi Arabia Read More »

Shaker Group continues to increase efficiency via strategic cost optimization initiatives

Shaker Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home Appliances in Saudi Arabia, has announced results achieved by the Company’s ongoing efficiency program. As Group sales continue to face pressure – the result of a slowdown in the local construction sector – efficiency initiatives have become …

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SHAKER GROUP CELEBRATES THE JOY OF RAMADAN WITH THE ORPHANS OF “INSAN” CHARITY

Shaker Group, the sole distributer for LG Air Conditioners and many other prominent Home Appliances brands in Saudi Arabia, sponsored and organized the 4th annual Ramadan Iftar for the Orphans Care “Insan” charity, at the Executives Hotel in Riyadh, in the presence of Shaker Group’s representatives and employees. Through this initiative, Shaker Group enhances the …

SHAKER GROUP CELEBRATES THE JOY OF RAMADAN WITH THE ORPHANS OF “INSAN” CHARITY Read More »

Shaker Group’s ESCO Signs Saudi MoU with “SIGNIFY” the new company of Philips Lighting

• Shaker Group sees energy efficiency opportunity provided by Saudi Vision 2030• ESCO’s MoU with Signify will strengthen and diversify Saudi operations• The Saudi government has committed over SAR 2 billion to energy efficiency projects Shaker  Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home appliances in …

Shaker Group’s ESCO Signs Saudi MoU with “SIGNIFY” the new company of Philips Lighting Read More »

Bringing high levels of performance and energy savings LG’s Multi V ™ 5 (VRF) rolled out in the Saudi markets

Shaker Group, the sole agent for LG Air Conditioners in Saudi Arabia and many other prominent Home Appliances brands, is introducing to the Saudi market LG’s fifth generation VRF air conditioning system, being the latest Multi V 5 line utilizing industry-leading technologies, pushing boundaries even in the region’s most strenuous climates with its well-run practicality …

Bringing high levels of performance and energy savings LG’s Multi V ™ 5 (VRF) rolled out in the Saudi markets Read More »

SHAKER GROUP SHOWCASES LATEST INNOVATIONS IN LG ENERGY-EFFICIENT SOLUTIONS AT HVAC R EXPO SAUDI

Shaker Group is participating in the Saudi Air Conditioning Exhibition (HVAC R EXPO) in Jeddah during January 14-16 2018, in recognition of its leading position in the Air Conditioning industry for more than 65 years of collective expertise. Shaker’s contribution in HVAC Exhibition reflects its enthusiasm to keenly participate in the vital economic activities that …

SHAKER GROUP SHOWCASES LATEST INNOVATIONS IN LG ENERGY-EFFICIENT SOLUTIONS AT HVAC R EXPO SAUDI Read More »

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