SISCO’s net profit edges up 2% in FY16

19/01/2017 Argaam Exclusive

Saudi Industrial Services Co. (SISCO) reported a net profit of SAR 92 million for fiscal year 2016, up 2 percent year-on-year (YoY) on improved performance of equity accounted associates.

 

However, this was offset by the increase in energy prices, provision of additional rentals, higher maintenance costs, and decreased operating profit, the company said on Thursday.



Financials (M)

Item 2015 2016 Change‬
Revenues 616.08 690.77 12.1 %
Gross Income 295.81 292.71 (1.0 %)
Operating Income 172.15 157.98 (8.2 %)
Net Income 90.51 90.26 (0.3 %)
Average Shares 81.60 81.60 -
EPS (Riyals) 1.11 1.11 (0.3 %)

SISCO’s Q4 net profit was SAR 22 million, declining 0.6 percent YoY, but leaping 34 percent quarter-on-quarter on an increase in ports and logistics revenue. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2015 Q4 2016 Change‬
Revenues 152.07 172.82 13.6 %
Gross Income 78.61 62.65 (20.3 %)
Operating Income 43.50 32.69 (24.8 %)
Net Income 22.03 21.34 (3.1 %)
Average Shares 81.60 81.60 -
EPS (Riyals) 0.27 0.26 (3.1 %)

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