Methanol Chemicals Co. (Chemanol) swung to a net loss after zakat and tax of SAR 41 million in the first nine months of 2019, compared to a net profit of SAR 43.8 million a year earlier on a decline in the prices of global petrochemicals.
|Gross Income||154.49||69.63||(54.9 %)|
|Operating Income||79.31||(6.09)||(107.7 %)|
|Net Income||43.82||(41.25)||(194.1 %)|
|EPS (Riyal)||0.36||(0.34)||(194.1 %)|
In Q3 2019, Chemanol sustained a net loss after zakat and tax of SAR 32.3 million against a net profit of SAR 22.5 million in year earlier period as the company’s sales were hurt by low global prices.
On a sequential basis, the company widened net losses from SAR 8.6 million.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||1,046.81|
|Return on Average Assets||(1.85 %)|
|Return on Average Equity||(3.48 %)|