Saudi Ground Services Co. (SGS) reported a net profit of SAR 348.2 million for the first 9 months of 2019, a rise of 11.57 percent year-on-year (YoY), driven by a slump in operating expenses and general and administrative (G&A) expenses.
|Gross Income||536.74||558.89||4.1 %|
|Operating Income||304.38||344.63||13.2 %|
|Net Income||312.06||348.19||11.6 %|
|EPS (Riyal)||1.66||1.85||11.6 %|
SGS’s net profit after zakat and tax for Q3 2019 increased 29.7 percent YoY to SAR 120.2 million, due to lower operating cost, and decreased G&As.
On a sequential basis, Q3 2019 net profit declined 2.9 percent.
|2019 - Q3 (e)||2019 - Q3 (a)||Change|
|P/E Before Unusual Items (TTM)||17.19|
|Dividend Yield||6.80 %|
|Market Cap. (M)||6,956.00|
|Return on Average Assets||9.99 %|
|Return on Average Equity||14.22 %|