Methanol Chemicals Co. (Chemanol) has swung to a net loss after zakat and tax of SAR 8.9 million for H1 2019, compared to a net profit of SAR 21.4 million a year earlier on a decline in global methanol prices and average selling prices of the company products.
Chemanol was also hit by higher finance costs.
|Gross Income||94.35||65.70||(30.4 %)|
|Operating Income||43.66||14.45||(66.9 %)|
|Net Income||21.37||(8.92)||(141.8 %)|
|EPS (Riyal)||0.18||(0.07)||(141.8 %)|
In Q2 2019, Chemanol sustained a net loss after zakat and tax of SAR 8.6 million against a net profit of SAR 31.6 million in year earlier period amid lower global prices.
On a sequential basis, the company widened net losses from SAR 0.31 million due to a continuous decline in global prices and average selling prices of Chemanol products.
|P/E Before Unusual Items (TTM)||HIGH|
|Market Cap. (M)||950.33|
|Return on Average Assets||0.75 %|
|Return on Average Equity||1.41 %|