Saudi Industrial Export Co. (SIECO) incurred net losses after zakat and tax of SAR 11.7 million in the first half of 2019, versus net earnings of SAR 12.9 million in year-earlier period, driven by lower demand for cement, as well as higher general and administrative expenses.
|Gross Income||2.77||0.53||(80.7 %)|
|Operating Income||(1.06)||(3.89)||(265.9 %)|
|Net Income||12.93||(11.86)||(191.7 %)|
|Average Shares||1.08||6.48||500.0 %|
|EPS (Riyal)||11.97||(1.83)||(115.3 %)|
The company incurred net losses after zakat and tax of SAR 3.3 million in Q2 2019, versus net profit of SAR 0.32 million in year-earlier period, due to lower sulfur prices and decreased demand for cement. The company also cited lower sales and higher general and administrative expenses.
On a sequential basis, net losses shrank by 61.2 percent, on decreased sulfur prices.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||411.48|
|Return on Average Assets||(36.48 %)|
|Return on Average Equity||(46.54 %)|