United Wire Factories Co. (Aslak) reported a net profit after zakat and tax of SAR 17.2 million for the first nine months of 2019 as compared to a net profit of SAR 15.5 million in the same period in 2018, an increase of 10.9 percent, it said in a bourse statement.
The figures can be attributed to an increase in sales maintaining the amount of gross profit in spite of the decline in margins, along with an improvement in selling and distribution expenses.
Item | 9m-2018 | 9m -2019 | Change |
---|---|---|---|
Revenues | 397.24 | 505.18 | 27.2 % |
Gross Income | 43.75 | 42.71 | (2.4 %) |
Operating Income | 21.83 | 20.07 | (8.0 %) |
Net Income | 15.54 | 17.23 | 10.9 % |
Average Shares | 43.88 | 43.88 | - |
EPS (Riyal) | 0.35 | 0.39 | 10.9 % |
In Q3 2019, the company reported a net profit after zakat and tax of SAR 1.1 million as against a net profit of SAR 0.5 million in the same period previous year on increase in sales.
On a sequential basis, Q3 2019 net profit slid by 81.66 percent compared to the previous quarter.
Comments {{Comments.length}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}