Filling & Packing Materials MFG. Co. (FIPCO) swung to a net loss after zakat and tax of SAR 2.5 million for Q1 2019, compared to a net profit of SAR 1.1 million a year earlier, due to higher general and administrative expenses (G&As) as the company incurred pre-operating expenses amounting to SAR 3.4 million from subsidiary FPC.
The loss was also attributed to higher selling costs and setting a provision for doubtful debt.
|Gross Income||8.05||5.78||(28.2 %)|
|Operating Income||2.04||(3.28)||(260.7 %)|
|Net Income||1.13||(2.52)||(323.1 %)|
|EPS (Riyal)||0.10||(0.22)||(323.1 %)|
When compared to the previous quarter, net loss halved in Q1 from a SAR 5.8 million loss in Q4 2018 when it reported higher provisions.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||361.10|
|Return on Average Assets||(2.45 %)|
|Return on Average Equity||(3.75 %)|