Al-Omran Industries & Trading Co. reported a net profit after zakat and tax of SAR 1.89 million for H1 2019, down 59.3 percent year-on-year (YoY) on higher operating expenses and cost of financing.
|Gross Income||13.87||10.53||(24.1 %)|
|Operating Income||5.61||2.79||(50.3 %)|
|Net Income||4.65||1.94||(58.4 %)|
|EPS (Riyal)||0.78||0.32||(58.4 %)|
Net profit after zakat and tax in Q2 2019 plummeted 59.25 percent YoY to SAR 1.2 million driven by severe competition and higher operating expenses.
On a quarterly basis, net profit hiked 72.07 percent, due to higher sales revenue.