United Electronics Company (eXtra) reported a net profit after zakat and tax of SAR 133.5 million for the first 9 months of 2019, a 36.09 percent year-on-year (YoY) increase, driven by higher revenue, increased sales growth in addition to a rise in gross profit on opening four new stores.
|Gross Income||510.24||600.15||17.6 %|
|Operating Income||110.73||157.32||42.1 %|
|Net Income||98.12||133.53||36.1 %|
|EPS (Riyal)||1.96||2.67||36.1 %|
eXtra’s net profit after zakat and tax for Q3 2019 fell 11.97 percent YoY to SAR 27.2 million, due to early booking of SAR 10.1 million in consumer finance revenue on the securitization deal with Al Rajhi Bank.
The company also cited higher operating expenses on launching operations of United Company for Financial Services, a wholly-owned subsidiary.
On a sequential basis, Q3 2019 net profit slid by 62.5 percent compared to the previous quarter.
|2019 - Q3 (e)||2019 - Q3 (a)||Change|
|P/E Before Unusual Items (TTM)||21.11|
|Dividend Yield||2.94 %|
|Market Cap. (M)||3,900.00|
|Return on Average Assets||8.63 %|
|Return on Average Equity||33.69 %|