Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) trimmed net loss after Zakat and tax by 74.7% year-on-year (YoY) to SAR 49.8 million for the fiscal year 2019, thanks to a rise of 14.1% YoY in revenue, and a decline of 20% YoY in operating and other expenses.
Moreover, Shaker reported a profit share of SAR 17 million from associates, against a net loss of SAR 7.2 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 774.03 | 882.82 | 14.1 % |
| Gross Income | 99.92 | 165.65 | 65.8 % |
| Operating Income | (151.14) | (26.20) | 82.7 % |
| Net Income | (196.54) | (49.79) | 74.7 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (3.54) | (0.90) | 74.7 % |
In Q4 2019, the company also narrowed net losses to SAR 7.4 million, from SAR 94.4 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 172.81 | 184.12 | 6.5 % |
| Gross Income | (21.21) | 35.29 | 266.4 % |
| Operating Income | (81.99) | (4.40) | 94.6 % |
| Net Income | (94.42) | (7.39) | 92.2 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (1.70) | (0.13) | 92.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 247.84 | 184.12 | (25.7 %) |
| Gross Income | 49.05 | 35.29 | (28.1 %) |
| Operating Income | (3.12) | (4.40) | (41.0 %) |
| Net Income | (6.05) | (7.39) | (22.3 %) |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.11) | (0.13) | (22.3 %) |
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