Saudi Vitrified Clay Pipes Co. reported a net profit after zakat and tax of SAR 2.2 million for the first half of 2019, an 18.5 percent year-on-year (YoY) drop mainly on a decrease in sales due to lower demand for pipes.
|Gross Income||14.27||15.60||9.3 %|
|Operating Income||4.26||3.78||(11.2 %)|
|Net Income||2.66||2.22||(16.7 %)|
|EPS (Riyal)||0.18||0.15||(16.7 %)|
In Q2, the company posted a net profit of SAR 0.6 million, down 33.3 percent YoY due to lower sales.
On a quarter-on-quarter basis, Q2 net profit fell 62.5 percent.
|P/E Before Unusual Items (TTM)||HIGH|
|Market Cap. (M)||690.00|
|Return on Average Assets||1.14 %|
|Return on Average Equity||1.33 %|