AlBaha Investment and Development Co. slashed its losses after zakat and tax by 96 percent year-on-year (YoY) to SAR 422,327 in the first half of 2019 from SAR 10.7 million in net loss a year earlier.
The company incurred last year SAR 16.85 million in zakat expenses for the period from 2000 to 2010.
|Gross Income||2.96||2.73||(7.6 %)|
|Operating Income||1.61||1.16||(27.8 %)|
|Net Income||(11.58)||(0.60)||94.9 %|
|EPS (Riyal)||(0.65)||(0.03)||94.9 %|
The firm turned to a net profit of SAR 179,864 in Q2 2019, compared to a net loss of SAR 11.4 million a year earlier, due to the incurred zakat expenses in 2018.
On a sequential basis, the firm swung to net profit in Q2 compared to a net loss of SAR 602,191 in Q1.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||256.65|
|Return on Average Assets||(0.12 %)|
|Return on Average Equity||(0.24 %)|