Saudi Vitrified Clay Pipes Co. (SVCP) reported a net profit of SAR 2.7 million in the first half of 2018, a 90.4 percent plunge year-on-year (YoY) as sales declined due to weak demand for pipes and a general market slowdown.
|Gross Income||45.00||14.27||(68.3 %)|
|Operating Income||30.13||4.26||(85.9 %)|
|Net Income||28.01||2.66||(90.5 %)|
|EPS (Riyal)||1.87||0.18||(90.5 %)|
Net profit for the second quarter also slumped 94.4 percent YoY to SAR 0.9 million, also due to lower sales and rise in the cost of goods sold.
When compared to the previous quarter, the Q2 2018 net profit halved.
|P/E Before Unusual Items (TTM)||HIGH|
|Market Cap. (M)||639.00|
|Return on Average Assets||1.20 %|
|Return on Average Equity||1.42 %|