Halwani Bros reported a net loss after zakat and tax of SAR 1.6 million for the first nine months of 2019, as compared to SAR 44.2 million a year earlier, the company said in a bourse statement.
The earnings were driven by an increase in cost of goods sold as well as increase in sales and distribution expenses in Egypt.
|Gross Income||186.93||167.11||(10.6 %)|
|Operating Income||70.80||31.77||(55.1 %)|
|Net Income||44.24||(1.59)||(103.6 %)|
|EPS (Riyal)||1.41||(0.05)||(103.6 %)|
In Q3 2019, the company posted a net loss after zakat and tax of SAR 3.4 million as compared to a net profit of SAR 19.2 million due to increase in sales and distribution expenses in Saudi Arabia and Egypt.
On a quarterly basis, Q3 net loss narrowed year-on-year (YoY) on an increase in net sales in Egypt and the Kingdom.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||1,131.12|
|Return on Average Assets||(0.25 %)|
|Return on Average Equity||(0.55 %)|