Nomu-listed Al-Omran Industrial Trading Co.’s net profit after zakat and tax slumped 59.3 percent year-on-year (YoY) to SAR 695,000 for Q1 2019 on lower selling prices amid fierce competition and higher operating expenses (opex).
|Gross Income||6.32||4.38||(30.8 %)|
|Operating Income||2.30||0.68||(70.2 %)|
|Net Income||1.72||0.71||(58.7 %)|
|EPS (Riyal)||0.29||0.12||(58.7 %)|
The company turned profitable in the first quarter, after incurring net losses of SAR 1.8 million in Q4 2018 due to improved selling prices and lower opex.