Al Yamamah Steel Industries Co. has incurred SAR 19.2 million net loss after zakat and tax for the first half of 2018/2019, versus net profit of SAR 11 million a year earlier.
The losses were attributed to lower demand, fierce competition and project slowdown.
Item | 6m-2018 | 6m -2019 | Change |
---|---|---|---|
Revenues | 492.96 | 482.96 | (2.0 %) |
Gross Income | 48.93 | 5.86 | (88.0 %) |
Operating Income | 19.35 | (23.22) | (220.0 %) |
Net Income | 11.02 | (19.21) | (274.3 %) |
Average Shares | 50.80 | 50.80 | - |
EPS (Riyal) | 0.22 | (0.38) | (274.3 %) |
The second-quarter net profit after zakat and tax increased over twofold year-on-year (YoY) to SAR 10.97 million backed by a rise in other operating income and better demand for the construction sector products.
In the previous quarter, the company incurred net loss of SAR 30 million.
Period | Revenues | Gross Income | Net Income | EPS (Riyal) | Earnings Growth |
---|---|---|---|---|---|
2019 | 959.28 | 33.38 | (39.88) | (0.79) | (85.23 %) |
2019 - Q4 | 266.47 | 7.51 | (18.67) | (0.37) | 30.71 % |
2019 - Q3 | 209.84 | 20.01 | (2.00) | (0.04) | 64.36 % |
2019 - Q2 | 284.18 | 21.68 | 10.97 | 0.22 | 155.73 % |
2019 - Q1 | 198.79 | (15.82) | (30.18) | (0.59) | (548.62 %) |
Period | Pipelines factory | Electric poles factory | Frames factory | Electric power towers factory | Al Yamamah for reinforcing steel bars | Construction sector | Electricity sector |
---|---|---|---|---|---|---|---|
2019 - Q1 | - | - | - | - | - | 172.07 | 26.71 |
2019 - Q2 | - | - | - | - | - | 225.52 | 58.66 |
2019 - Q3 | - | - | - | - | - | 157.14 | 52.70 |
2019 - Q4 | - | - | - | - | - | - | - |
2019 | - | - | - | - | - | - | - |
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