Electrical Industries Co. (EIC) widened net loss after Zakat and tax by 82.4% year-on-year (YoY) to SAR 10.7 million for the six month ending June 1, 2020, driven by lower sales revenue.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 260.68 | 249.14 | (4.4 %) |
| Gross Income | 38.41 | 33.91 | (11.7 %) |
| Operating Income | 2.71 | (0.05) | (102.0 %) |
| Net Income | (5.88) | (10.73) | (82.4 %) |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | (0.52) | (0.95) | (82.4 %) |
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 154.50 | 109.64 | (29.0 %) |
| Gross Income | 19.44 | 8.92 | (54.1 %) |
| Operating Income | 1.15 | (7.76) | (773.8 %) |
| Net Income | (1.72) | (11.58) | (572.6 %) |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | (0.15) | (1.03) | (572.6 %) |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 139.50 | 109.64 | (21.4 %) |
| Gross Income | 24.99 | 8.92 | (64.3 %) |
| Operating Income | 7.70 | (7.76) | (200.7 %) |
| Net Income | 0.85 | (11.58) | (1465.0 %) |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | 0.08 | (1.03) | (1465.0 %) |
EIC widened Q2 2020 net loss after Zakat and tax by more than six-fold YoY to SAR 11.6 million, due to lower sales on the lockdown measures in the Kingdom.
On a quarter-on-quarter basis, EIC turned to loss, versus net profit of SAR 848,000 in Q1 2020.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}