Herfy Food Services Co. reported a 47.7% decline year-on-year (YoY) in net profit after Zakat and tax to SAR 25 million for the first quarter of 2020.
The profit drop was driven by lower sales on the Kingdom's precautionary measures to curb the COVID-19 outbreak. The company also cited higher selling and marketing expenses in addition to lower other income.
On a sequential basis, net profit after Zakat and tax decreased by 49.37%.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 313.40 | 296.93 | (5.3 %) |
| Gross Income | 93.54 | 79.13 | (15.4 %) |
| Operating Income | 51.40 | 34.67 | (32.5 %) |
| Net Income | 48.06 | 25.13 | (47.7 %) |
| Average Shares | 64.68 | 64.68 | - |
| EPS (Riyals) | 0.74 | 0.39 | (47.7 %) |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 326.52 | 296.93 | (9.1 %) |
| Gross Income | 100.06 | 79.13 | (20.9 %) |
| Operating Income | 56.43 | 34.67 | (38.6 %) |
| Net Income | 49.64 | 25.13 | (49.4 %) |
| Average Shares | 64.68 | 64.68 | - |
| EPS (Riyals) | 0.77 | 0.39 | (49.4 %) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}