Middle East Specialized Cables Co. (MESC) trimmed net losses after zakat and tax by 52.2 percent year-on-year (YoY) to SAR 16.6 million for H1 2019, due to improved profit margins and lower expenses.
|Gross Income||18.60||23.29||25.2 %|
|Operating Income||(26.00)||(8.74)||66.4 %|
|Net Income||(34.70)||(16.58)||52.2 %|
|EPS (Riyal)||(0.87)||(0.41)||52.2 %|
In Q2 2019, net losses after zakat and tax narrowed by 76.3 percent YoY to SAR 6 million, also due to better profit margins and lower expenses.
When compared to the previous quarter, net losses were cut by 43.4 percent.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||345.60|
|Return on Average Assets||(7.96 %)|
|Return on Average Equity||(15.56 %)|