United Electronics Company (eXtra) reported a net profit after zakat and tax of SAR 106.3 million for the first half of 2019, a 58.2 percent year-on-year (YoY) increase.
This increase is a result of higher sales, higher profit margins and a SAR 17.2 million securitization deal signed with Al Rajhi Bank.
|Gross Income||338.10||413.90||22.4 %|
|Operating Income||76.70||119.80||56.2 %|
|Net Income||67.20||106.30||58.2 %|
|EPS (Riyal)||1.34||2.13||58.2 %|
The company’s net profit for the second quarter was up by 59 percent YoY to SAR 72.5 million due to higher sales, higher margins and the securitization deal signed with Al Rajhi Bank.
On a quarter-on-quarter basis, Q2 profit more than doubled.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||20.72|
|Dividend Yield||2.94 %|
|Market Cap. (M)||3,795.00|
|Return on Average Assets||-|
|Return on Average Equity||33.70 %|