The National Company For Glass Industries (Zoujaj) reported a net loss after Zakat and tax of SAR 29.9 million for the fiscal year 2019 compared to a net profit of SAR 30.6 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 98.67 | 74.86 | (24.1 %) |
| Gross Income | 29.67 | 5.34 | (82.0 %) |
| Operating Income | 18.06 | (6.24) | (134.5 %) |
| Net Income | 31.74 | (31.32) | (198.7 %) |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 0.96 | (0.95) | (198.7 %) |
The losses were attributed to lower sales, decrease in associated company profit share and write offs worth SAR 26.9 million on associated company and inventory.
The company’s net loss widened to SAR 27.25 million in Q4 2019 versus SAR 1 million in the year earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 20.28 | 14.91 | (26.5 %) |
| Gross Income | 4.70 | (0.65) | (113.9 %) |
| Operating Income | 3.37 | (4.07) | (220.6 %) |
| Net Income | 0.14 | (27.97) | (20663.2 %) |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 0.00 | (0.85) | (20663.2 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 13.58 | 14.91 | 9.8 % |
| Gross Income | (2.73) | (0.65) | 76.1 % |
| Operating Income | (5.22) | (4.07) | 22.1 % |
| Net Income | (6.57) | (27.97) | (325.7 %) |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | (0.20) | (0.85) | (325.7 %) |
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