Arab Sea Information Systems Co. reported a net profit after Zakat and tax of SAR 24.2 million for the fiscal year of 2019, versus net losses of SAR 20.34 million in year-earlier period, the company said in a bourse statement.
These earnings were driven by the reevaluation of an impairment in the intangible assets, writing back a sum of SAR 18.3 million.
Q4 net earnings stood at SAR 20.5 million, versus net losses of SAR 23.3 million in year-earlier period.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 40.88 | 38.69 | (5.4 %) |
| Gross Income | 24.90 | 22.41 | (10.0 %) |
| Operating Income | 10.14 | 5.83 | (42.5 %) |
| Net Income | (20.34) | 24.15 | 218.7 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (0.20) | 0.24 | 218.7 % |
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 11.23 | 13.44 | 19.7 % |
| Gross Income | 8.77 | 9.48 | 8.0 % |
| Operating Income | 5.58 | 2.76 | (50.6 %) |
| Net Income | (23.38) | 20.53 | 187.8 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (0.23) | 0.21 | 187.8 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 7.66 | 13.44 | 75.6 % |
| Gross Income | 3.11 | 9.48 | 205.0 % |
| Operating Income | 0.28 | 2.76 | 871.5 % |
| Net Income | 0.45 | 20.53 | 4493.5 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.00 | 0.21 | 4493.5 % |
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