Methanol Chemicals Co. (Chemanol) has narrowed its net losses after zakat and tax to SAR 0.31 million for the first quarter of 2019, compared to a net loss of SAR 10.3 million a year earlier on higher sales volumes and improved operating performance.
|Gross Income||24.81||37.29||50.3 %|
|Operating Income||0.51||13.70||2570.2 %|
|Net Income||(10.26)||(0.31)||97.0 %|
|EPS (Riyal)||(0.09)||0.00||97.0 %|
The company sung to loss in Q1 when compared to the previous quarter’s net profit of SAR 2.33 million, due to lower selling prices of most products and higher cost of finance.
|P/E Before Unusual Items (TTM)||HIGH|
|Market Cap. (M)||950.33|
|Return on Average Assets||0.75 %|
|Return on Average Equity||1.41 %|