Filling & Packing Materials MFG. Co. (FIPCO) reported a net profit after zakat and tax of SAR 2.7 million in the first nine months of 2018, a drop of 35.7 percent year-on-year (YoY), due to higher general and administrative expenses (G&As) as the company incurred pre-operating expenses amounting to SAR 8.3 million from subsidiary FPC.
|Gross Income||20.47||23.97||17.1 %|
|Operating Income||4.53||4.14||(8.6 %)|
|Net Income||4.17||2.71||(35.2 %)|
|EPS (Riyal)||0.36||0.24||(35.2 %)|
The third-quarter net profit after zakat and tax jumped 60 percent YoY to SAR 0.8 million, driven by higher sales and increased demand. Selling prices also increased during the quarter.
On a sequential basis, net profit rose 14.3 percent.
|Period||Revenues||Gross Income||Net Income||EPS (Riyal)||Earnings Growth|
|2018 - Q4||40.06||5.01||(5.85)||(0.51)||(695.32 %)|
|2018 - Q3||43.90||7.80||0.81||0.07||58.12 %|
|2018 - Q2||43.83||8.28||0.70||0.06||44.79 %|
|2018 - Q1||35.75||8.05||1.13||0.10||(64.51 %)|
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||311.08|
|Return on Average Assets||(4.14 %)|
|Return on Average Equity||(6.90 %)|