Ash-Sharqiyah Development Co. narrowed net losses after zakat and tax by 58.8 percent year-on-year (YoY) to SAR 1.45 million in the first half of 2019, driven by lower operating expenses, and the reduction in the number of employees.
|Gross Income||(0.50)||(0.35)||31.0 %|
|Operating Income||(3.64)||(1.43)||60.7 %|
|Net Income||(3.52)||(1.45)||58.8 %|
|EPS (Riyal)||(0.47)||(0.19)||58.8 %|
The company narrowed Q2 2019 net losses by 56.58 percent YoY to SAR 719,391, on lower operating expenses, reduced administrative expenses and higher revenue.
On a quarterly basis, net losses shrank by 1.35 percent, due to staff layout and lower administrative expenses.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||297.00|
|Return on Average Assets||(1.84 %)|
|Return on Average Equity||(2.17 %)|