Saudi Arabia Refineries Co. (SARCO) posted a net profit after zakat and tax of SAR 8.96 million for H1 2019 as against a net loss of SAR 1.72 million a year earlier.
The first half results were backed by dividends from SARCO’s affiliate, Saudi Industrial Investment Co.
|Operating Income||(1.62)||(1.33)||18.0 %|
|Net Income||(1.72)||8.96||621.4 %|
|EPS (Riyal)||(0.11)||0.60||621.4 %|
In Q2 2019, the company also turned to a net profit after zakat and tax of SAR 10.2 million, against a net loss of SAR 492,045 a year earlier, on dividend distribution from SARCO’s affiliate.
The company incurred net losses of SAR 1.27 million in the previous quarter.
|P/E Before Unusual Items (TTM)||23.27|
|Dividend Yield||1.79 %|
|Market Cap. (M)||587.25|
|Return on Average Assets||5.06 %|
|Return on Average Equity||5.16 %|