Arabian Pipes Co. reported a net profit after zakat and tax of SAR 16.2 million for the first half of 2019, versus net losses of SAR 16.8 million a year earlier, on a 29 percent rise in sales and a decline in the cost of sales margins.
The company also cited winning new contracts and maintaining production levels in Riyadh and Jubail plants.
|Gross Income||9.63||47.46||392.7 %|
|Operating Income||(5.36)||32.23||701.7 %|
|Net Income||(16.80)||16.19||196.3 %|
|EPS (Riyal)||(0.42)||0.40||196.3 %|
In Q2 2019, the pipe manufacturer turned to a net profit after zakat and tax of SAR 8.1 million versus a net loss of SAR 7.9 million on higher sales and lower margins of the cost of sales.
When compared to the previous quarter, net profit was flat as the company maintained production levels and cost management.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||472.80|
|Return on Average Assets||(7.23 %)|
|Return on Average Equity||(16.02 %)|