Saudi Arabia Fertilizer Co. (SAFCO) posted a net profit after zakat and tax of SAR 715.9 million for the first half of 2019, a rise of 10.5 percent year-on-year (YoY), due to higher selling prices, despite lower sales volumes.
|Gross Income||857.56||798.00||(6.9 %)|
|Operating Income||636.87||620.53||(2.6 %)|
|Net Income||647.66||715.91||10.5 %|
|EPS (Riyal)||1.55||1.72||10.5 %|
The company also cited higher profit share from Ibn Al-Baytar firm.
The second quarter net profit after zakat and tax dropped 7.3 percent YoY to SAR 380.4 million, backed by lower sales volumes after implementing SAFCO 3 reliability project, as well as the scheduled maintenance.
When compared to previous quarter, net profit increased 13.4 percent, driven by higher selling prices, in addition to profit from available-for-sale investments.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||18.22|
|Dividend Yield||3.24 %|
|Market Cap. (M)||32,916.93|
|Return on Average Assets||19.33 %|
|Return on Average Equity||25.48 %|