Naseej International Trading Co. trimmed net losses after Zakat and tax by 44.5% year-on-year (YoY) to SAR 19.5 million for the first quarter of 2020, driven by selling inventory at good prices and receivables collection.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 64.97 | 43.03 | (33.8 %) |
| Gross Income | 1.13 | 1.60 | 42.0 % |
| Operating Income | (14.94) | (14.38) | 3.8 % |
| Net Income | (35.18) | (19.54) | 44.5 % |
| Average Shares | 5.93 | 8.91 | 50.3 % |
| EPS (Riyals) | (5.94) | (2.19) | 63.0 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 49.96 | 43.03 | (13.9 %) |
| Gross Income | (8.08) | 1.60 | 119.8 % |
| Operating Income | (18.38) | (14.38) | 21.8 % |
| Net Income | (34.56) | (19.54) | 43.5 % |
| Average Shares | 5.93 | 8.91 | 50.3 % |
| EPS (Riyals) | (5.83) | (2.19) | 62.4 % |
On a sequential basis, net losses after Zakat and tax shrank by 43.45%.
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