National Gas and Industrialization Co. (GASCO) reported a net profit after zakat and tax of SAR 119.6 million for H1 2019, a rise of 66.6 percent year-on-year (YoY) on better gross profit, lower cost of goods sold, along with higher investment and other income.
|Gross Income||128.05||129.13||0.8 %|
|Operating Income||68.69||50.82||(26.0 %)|
|Net Income||71.77||119.57||66.6 %|
|EPS (Riyal)||0.96||1.59||66.6 %|
GASCO’s Q2 2019 net profit after zakat and tax plunged 44.9 percent YoY to SAR 17.8 million due to a drop in gross profit, gas and tank sales. In addition, higher selling and marketing costs, as well as general and administrative expenses also weighed on the results.
On a sequential basis, net profit saw a slump of 82.5 percent due to a decline in investment income and gross profit.
|P/E Before Unusual Items (TTM)||13.64|
|Dividend Yield||5.71 %|
|Market Cap. (M)||2,201.25|
|Return on Average Assets||8.29 %|
|Return on Average Equity||11.09 %|