The National Company for Glass Industries (Zoujaj) reported a net profit after zakat and tax of SAR 3.2 million for H1 2019, a decline of 86.03 percent year-on-year (YoY) due to lower operating profit and decreased sales revenue.
The drop in profit was also attributed to an associate's un-scheduled maintenance costing SAR 6 million during the second quarter, which impacted Zoujaj profit share.
|Gross Income||18.10||8.73||(51.8 %)|
|Operating Income||9.70||3.05||(68.5 %)|
|Net Income||22.90||3.21||(86.0 %)|
|EPS (Riyal)||0.70||0.10||(86.0 %)|
Zoujaj reported net losses of SAR 1.4 million in Q2 2019, versus net profit of SAR 11.5 million in year-earlier period, driven by lower operating profit, and decreased profit share from an associate company.
On a quarterly basis, the company swung to losses in Q2 2019 versus net profit of SAR 4.6 million in Q1 2019.
|P/E Before Unusual Items (TTM)||26.96|
|Dividend Yield||4.17 %|
|Market Cap. (M)||565.88|
|Return on Average Assets||1.38 %|
|Return on Average Equity||1.74 %|