National Metal Manufacturing and Casting Co. (Maadaniyah) widened net loss after Zakat and tax to SAR 7.5 million for Q1 2020, compared to SAR 190,000 in a year-earlier period, driven by lower sales, decreased average selling price and higher transport expenses.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 80.70 | 79.55 | (1.4 %) |
| Gross Income | 9.29 | 3.63 | (61.0 %) |
| Operating Income | 1.84 | (5.73) | (411.3 %) |
| Net Income | (0.19) | (7.46) | (3,786.5 %) |
| Average Shares | 29.95 | 29.95 | - |
| EPS (Riyals) | (0.01) | (0.25) | (3,786.5 %) |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 58.68 | 79.55 | 35.6 % |
| Gross Income | 0.13 | 3.63 | 2777.0 % |
| Operating Income | (8.12) | (5.73) | 29.4 % |
| Net Income | (13.74) | (7.46) | 45.7 % |
| Average Shares | 29.95 | 29.95 | - |
| EPS (Riyals) | (0.46) | (0.25) | 45.7 % |
When compared to the previous quarter, Maadaniyah trimmed losses by 45.7%, due to higher sales and lower general and administrative expenses (G&As).
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