Raydan Food Co. reported a net loss after Zakat and tax of SAR 4.8 million for the fiscal year 2019, compared to a net profit of SAR 14.7 million a year earlier.
The losses were attributed to decline in sales volumes, as well as increase in cost of sales, marketing expenses, and financing costs.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 233.69 | 230.48 | (1.4 %) |
| Gross Income | 42.28 | 19.71 | (53.4 %) |
| Operating Income | 15.94 | (4.66) | (129.2 %) |
| Net Income | 14.71 | (4.78) | (132.5 %) |
| Average Shares | 13.92 | 13.92 | - |
| EPS (Riyals) | 1.06 | (0.34) | (132.5 %) |
In Q4 2019, the company widened its net loss after Zakat and tax to SAR 10 million, from SAR 3.3 million in the same period last year.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 56.56 | 51.32 | (9.3 %) |
| Gross Income | 7.35 | (1.44) | (119.6 %) |
| Operating Income | 1.03 | (8.46) | (921.8 %) |
| Net Income | (3.33) | (10.14) | (204.7 %) |
| Average Shares | 13.92 | 13.92 | - |
| EPS (Riyals) | (0.24) | (0.73) | (204.7 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 61.31 | 51.32 | (16.3 %) |
| Gross Income | 7.42 | (1.44) | (119.4 %) |
| Operating Income | 1.05 | (8.46) | (908.4 %) |
| Net Income | 1.89 | (10.14) | (636.9 %) |
| Average Shares | 13.92 | 13.92 | - |
| EPS (Riyals) | 0.14 | (0.73) | (636.9 %) |
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