Raydan Cuisines and Restaurants Co. reported a net profit after zakat and tax of SAR 714,700 for Q1 2019, a plunge of 86 percent year-on-year (YoY) due to higher operating costs, marketing expenses and financing charges.
|Gross Income||10.19||6.50||(36.2 %)|
|Operating Income||4.09||0.75||(81.6 %)|
|Net Income||5.16||0.71||(86.2 %)|
|EPS (Riyal)||0.23||0.03||(86.2 %)|
When compared to the previous quarter, net profit tumbled 87.8 percent on a drop in sales.