Saudi Industrial Export Co. (SIECO) incurred net loss after zakat and tax of SAR 8.5 million in Q1 2019, versus net profit of SAR 12.6 million in year-earlier period, the firm said in a statement on Tadawul.
|Gross Income||0.80||0.28||(64.6 %)|
|Operating Income||(1.40)||(1.66)||(18.6 %)|
|Net Income||12.60||(8.53)||(167.7 %)|
|Average Shares||1.08||6.48||500.0 %|
|EPS (Riyal)||11.67||(1.32)||(111.3 %)|
The company attributed the loss to a SAR 6.86 million in impairment in sulfur inventory and lower gross profit to sales.
On a sequential basis, net losses widened 39.3 percent on lower sulfur prices, and soft demand.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||473.04|
|Return on Average Assets||(29.54 %)|
|Return on Average Equity||(35.64 %)|