Al Yamamah Steel Industries Co. narrowed net losses after zakat and tax by 74.9% year-on-year (YoY) to SAR 7.6 million for the first quarter ending Dec. 31, 2019, backed by better revenue as well as higher sales volumes and value in the construction and electricity sectors
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 198.79 | 405.39 | 103.9 % |
| Gross Income | (15.82) | 18.89 | 219.4 % |
| Operating Income | (29.52) | 0.73 | 102.5 % |
| Net Income | (30.18) | (7.58) | 74.9 % |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | (0.59) | (0.15) | 74.9 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 266.47 | 405.39 | 52.1 % |
| Gross Income | 7.52 | 18.89 | 151.3 % |
| Operating Income | (9.67) | 0.73 | 107.5 % |
| Net Income | (18.67) | (7.58) | 59.4 % |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | (0.37) | (0.15) | 59.4 % |
When compared to the previous quarter, net losses after zakat and tax also narrowed by 59.4%, thanks to a rise in revenue as well as higher sales volumes and value in the construction sector.
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