Saudi Ground Services Co. reported a net profit after zakat and tax of around SAR 228 million for the first half of 2019, a 4 percent year-on-year (YoY) increase mainly on lower operating cost and a decrease in administrative expenses.
|Gross Income||370.25||367.45||(0.8 %)|
|Operating Income||218.88||230.88||5.5 %|
|Net Income||219.38||227.98||3.9 %|
|EPS (Riyal)||1.17||1.21||3.9 %|
The firm's Q2 net profit rose by 9.9 percent YoY to SAR 123.9 million due to a decrease in operating cost and lower administrative expenses.
On a sequential basis, Q2 net profit increased 19 percent, attributed to an increase in business volume during Ramadan season, despite the hike in operating cost, and general and administrative expenses.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||16.06|
|Dividend Yield||6.80 %|
|Market Cap. (M)||6,053.60|
|Return on Average Assets||9.16 %|
|Return on Average Equity||12.76 %|